An investing comparison of e-commerce marketplaces Amazon and eBay using revenue, profitability, valuation metrics, and active user base.  ( 22 min )

The Bornhuetter-Ferguson technique is a method for calculating an estimate of an insurance company’s losses.  ( 19 min )

A report from Wells Fargo details how spending on AI could boost productivity, economic growth and interest rates, while concerns over job losses could be overstated.  ( 18 min )

Pay-per-mile car insurance sets premiums based on how much you drive each month. It can be an economical alternative for certain kinds of drivers.  ( 18 min )

AA+ is the second-highest bond rating assigned by rating agency S&P while Aa1 is the equivalent from Moody's. Both signify a low-risk investment.  ( 24 min )

An act of God bond is an insurance-linked bond that establishes a reserve to pay claims for unforeseen catastrophes.  ( 19 min )

Health insurance premiums vary wildly across the U.S. according to where you live and work, how old you are, your income, and more.  ( 28 min )

A rating is an assessment tool assigned by an analyst or rating agency to a stock or bond indicating its potential for opportunity or safety.  ( 22 min )

Though countless companies claim to be championing equal opportunities within the workforce, many have yet to see this reflected in their paychecks.  ( 26 min )

Though over half of 50 states produce at least some crude oil, there are six in particular that are responsible for the bulk of U.S. production.  ( 27 min )

A sovereign credit rating is an independent assessment of the creditworthiness of a country or sovereign entity and how risky investing in it might be.  ( 21 min )

Opening a brokerage account can be a confusing experience. Follow these steps to easily get through the process.  ( 26 min )

Governments sanction some monopolies, such as monopolies over public utilities, and these monopolies are good for the public interest.  ( 21 min )

Single-family zoning, which restricts the kind of residential housing that can be built on a property, has been central to cementing segregation in many American cities.  ( 26 min )

When two parties engage in a loan transaction, minimum-interest rules can mandate that an interest rate that's not too low be charged, even in family deals.  ( 22 min )

Fashion retailer Abercrombie & Fitch posted second-quarter earnings on Wednesday that blew past analysts' expectations, sending shares soaring more than 20%.  ( 18 min )

The struggling 10-year U.S. Treasury Note, the world's benchmark bond, has never declined in value for three straight years—but it could this year.  ( 19 min )

Apple, Google, Facebook moederbedrijf Meta, X (voorheen Twitter) en andere grote techbedrijven vallen vanaf nu onder een nieuwe Europese wet. Deze zogenoemde Digital Services Act (DSA) moet ervoor zorgen dat inwoners van de EU online beter zijn beschermd.  ( 4 min )

Apple, Google, Facebook moederbedrijf Meta, X (voorheen Twitter) en andere grote techbedrijven vallen vanaf nu onder een nieuwe Europese wet. Deze zogenoemde Digital Services Act (DSA) moet ervoor zorgen dat inwoners van de EU online beter zijn beschermd.  ( 4 min )

De Indiase regering heeft extra beperkingen op de export van rijst opgelegd om de voedselzekerheid in eigen land te garanderen. Zo wordt per direct een exportbelasting op voorgekookte rijst van 20 procent geheven, maakte het ministerie van Financiën bekend.  ( 3 min )

De Belgische staat geeft een zogeheten staatsbon uit met een hoog rendement. Iedereen kan zo'n bon kopen, waardoor de Belgische banken onder druk staan om hun spaarrentes te verhogen. En het werkt. Toch wil Nederland er niet aan.  ( 4 min )

Als het demissionaire kabinet de brandstofprijzen voor auto's in januari opnieuw laat stijgen zou dat voor zowel Nederlandse pomphouders in de grensstreek, als ook voor winkeliers en supermarkten "rampzalig" zijn. Daarvoor waarschuwt Ewout Klok, voorzitter van Belangenvereniging Tankstations (BETA).  ( 4 min )

De wereldwijde vraag naar olie en gas houdt nog vele decennia aan, voorziet Bernard Looney, topman van het Britse energieconcern BP. Daarom moet er volgens hem blijvend worden geïnvesteerd in zowel de huidige energiesystemen als de energietransitie.  ( 3 min )

Frankrijk zit met overtollige wijn in de maag. Het overschot is het afgelopen jaar flink gegroeid, waardoor meer wijn moet worden vernietigd. Het Franse ministerie van Landbouw maakt daarom tientallen miljoenen meer vrij voor de vernietiging hiervan.  ( 3 min )

Door klimaatverandering wordt hitte in steden en dorpen een steeds groter probleem. Is daar wat aan te doen? Jazeker: tegels eruit, groen erin. Maar het zijn vooral hoge bomen die verschil maken - en die groeien niet in een dag.  ( 5 min )

Zo'n 124.000 ouders hebben in het eerste jaar gebruikgemaakt van de nieuwe ouderschapsverlofregeling, meldt Het Parool op basis van UWV-cijfers. Het betaald ouderschapsverlof werd onder meer ingesteld om de gelijkheid tussen man en vrouw te bevorderen.  ( 3 min )

Buybacks can often be a key ingredient to stock market returns for investors.  ( 26 min )

Not everyone is getting in on the rally.  ( 26 min )

(Bloomberg) -- China remains embedded in US supply chains even as American firms have taken steps to reduce direct imports from the Asian country, according to a paper presented at the Federal Reserve’s conference in Jackson Hole, Wyoming.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamageTesla Investors to Get $12,000 Each From Musk’s SEC DealPowell Signals Fed Will Raise Rates If Needed, Keep Them HighAfter 15 Years, a New Private Jet Is America’s Most Po  ( 42 min )

The move gives the agency time to weigh a settlement that would allow the deal to close with conditions.  ( 25 min )

Tesla CEO Elon Musk took his Cybertruck production candidate for a spin at the company's gigafactory in Texas this week as the automaker gets ready to take on rivals GM and Ford.  ( 34 min )

Better.com stock got hammered this week in its Nasdaq debut. Though its one-day drop was sharp, it is far from the only company to be judged so harshly by the market.  ( 34 min )

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Just over a third (35%) of Americans knew the average lifespan of retirees, according to a recent report.  ( 34 min )

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Questions persist regarding artificial-intelligence demand and geopolitics.  ( 27 min )

Charlene Chu, senior analyst at Autonomous Research, talks to Barron's about China’s ailing economy, high debt, troubled real-estate market, and opaque banking system.  ( 26 min )

Personal finance author Jonathan Clements says the best way to buy happiness is to sit on a pile of savings and enjoy the resulting peace of mind.  ( 27 min )

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Insurance companies are struggling to keep up with economic growth, population shifts, inflation trends and the most unpredictable variable of all: the rising prevelance of natural disasters—big and small.  ( 27 min )

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(Bloomberg) -- China’s regulators face a losing battle convincing global funds to invest in the nation’s stocks unless market boosting efforts are accompanied by stronger stimulus to support growth.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Signals Fed Will Raise Rates If Needed, Keep Them HighTesla Investors to Get $12,000 Each From Musk’s SEC DealNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationAfter 15 Years, a New Priv  ( 32 min )

Investors wanted Nvidia to keep AI mania going and the Fed to stick to the script. But all that wasn’t enough to drive correction fears away.  ( 27 min )

Fashion retailer Abercrombie & Fitch posted second-quarter earnings on Wednesday that blew past analysts' expectations, sending shares soaring more than 20%.  ( 1 min )

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The rate on the 30-year fixed mortgage rose to 7.48% in the last week, deepening affordability issues faced by prospective home buyers.  ( 33 min )

Today's best CD rates are 5.85% on a jumbo from One America Bank, and 5.75% for smaller deposits from Abound Credit Union, MapleMark Bank, and BluPeak Credit Union.  ( 21 min )

Rite Aid is reportedly preparing to file for bankruptcy as opioid litigation hangs over the pharmacy chain.  ( 32 min )

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(Bloomberg) -- Stocks weathered the Jackson Hole confab to rebound this week. But for bulls looking to be made whole after last year’s shellacking, the road back is longer than they realize.Most Read from BloombergPowell Signals Fed Will Raise Rates If Needed, Keep Them HighNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationSpaceX Blast Left Officials in Disbelief Over Environmental DamageTesla Investors to Get $12,000 Each From Musk’s SEC DealTrump Returns to Musk’s X With Pos  ( 33 min )

Michael Burry has always been one to challenge mainstream thinking. The renowned hedge fund manager successfully wagered against the U.S. housing bubble in 2008, a gutsy call that became the focal point of the film “The Big Short.” Now, he’s betting against the U.S. stock market. In its latest 13F filing with the Securities and Exchange Commission, Burry’s firm Scion Asset Management disclosed a substantial amount of put options against exchange-traded funds (ETFs) that track major U.S. stock ma  ( 33 min )

Roth-style catch-up contributions now won’t be mandated until 2026, not 2024.  ( 26 min )

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Stocks reversed lower Friday morning after Fed Chair Jerome Powell said the central bank is "prepared to raise rates further."  ( 32 min )

United States Steel now has one apparent bidder, and Cleveland-Cliffs is backed by the workers’ union.  ( 26 min )

The Fed chair’s “long way to go” concept is wrongheaded, because at the current clip, inflation is already running near the Fed’s target, say two top economists.  ( 33 min )

A supplier on Friday laid off at least 35 employees who make fighter jet parts for The Boeing Co.  ( 12 min )

Baron Rothschild, an 18th-century English nobleman, has been credited with the famous saying, “The time to buy is when there’s blood in the streets.” Rothschild used that idea to build his fortune, and many other famous investors have done the same over the last three centuries. But it’s never easy to follow Rothschild’s advice. Most investors become fearful when stocks experience major declines, as the common psychological tendency is to believe that the future will be a continuation of the rec  ( 35 min )

Hostess Brands Inc, the maker of Twinkies snack cakes, is exploring a sale after fielding takeover interest from major snack food makers, people familiar with the matter said on Friday. Prior to the news of the company exploring a sale, its shares were down 1% year-to-date, versus a 29% rise in the Nasdaq Composite Index. General Mills Inc, Mondelez International Inc, PepsiCo Inc and Hershey Co are among the companies that have shown an interest in acquiring Hostess, the sources said.  ( 31 min )

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Shares of Rite Aid plunged by about 50% after The Wall Street Journal reported the drugstore chain is preparing to file for chapter 11 bankruptcy in the coming weeks. The bankruptcy is to address the federal and state lawsuits the drugstore chain is facing over its alleged role in the sale of opioi  ( 22 min )

(Bloomberg) -- AMC Entertainment Holdings Inc. extended its week-long selloff after the movie theater operator converted a raft of preferred shares into common stock, and strategists say the company will likely sell more shares to pay down debt.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Signals Fed Will Raise Rates If Needed, Keep Them HighTesla Investors to Get $12,000 Each From Musk’s SEC DealNYC’s Most Exciting New Fine Dining Restaurant I  ( 32 min )

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Better.com shares plunged at the opening bell and fell so quickly that trading was halted four times in its first 30 minutes of trade.  ( 31 min )

For many Americans, paying the mortgage bill is by far the largest expense they deal with each month. While home prices and other factors (like property taxes) vary widely from state to state, the National Association of Realtors reports that the average monthly mortgage payment for a 30-year fixed mortgage in the United States is now a hefty $2,317. However, what if you could pay for this large, recurring monthly expense with passive, recurring monthly income from your investment portfolio? One  ( 34 min )

Rite Aid is preparing to file for bankruptcy in coming weeks to address mass lawsuits over the drugstore chain’s alleged role in the sale of opioids, according to people familiar with the company’s plans.  ( 29 min )

The Securities and Exchange Commission announced it charged 3M with violations of the Foreign Corrupt Practices Act relating to the company's China subsidiary.  ( 27 min )

Stocks reversed lower Friday morning after Fed Chair Jerome Powell said the central bank is "prepared to raise rates further."  ( 32 min )

Strategists at BofA Global Research see second-half "trouble" for technology stocks even as the sector took in its largest inflow in 10 weeks, the firm said in a note on Friday. The tech-heavy Nasdaq Composite has gained 28% this year, fueled by megacap stocks and excitement over the business potential of artificial intelligence. BofA pointed to the correlation between a surge in central bank liquidity and the Nasdaq over the past 15 years.  ( 31 min )

Private equity firm Veritas Capital is considering a takeover offer for Canadian software company BlackBerry, according to a person familiar with the matter. U.S-listed shares of BlackBerry rose about 17%. Details of the offer could not be learned.  ( 31 min )

Countless news headlines have been calling for a housing crash for the better part of a year, yet prices are still climbing in many parts of the U.S. According to data from Redfin, the median sale price has increased by over 9.38% since January and has fallen only 3.4% from the peak in May 2022. Despite rising mortgage rates, buyers are finding little relief in home prices because of the massive shortage of supply. According to an analysis from Realtor.com, the gap between single-family home con  ( 31 min )

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Seaport analyst Richard Safran made the biblical reference in a Friday research report following news of another problem with the 737.  ( 26 min )

Publicly listed U.S. homebuilders are raising prices on new construction, taking advantage of an acute shortage of previously owned homes in the market as owners defer upgrading due to high mortgage rates. Homebuilders are enjoying this turn of events after a gnarly second-half last year, when fears of rising interest rates slowing demand had forced them to cut prices and offer incentives to boost sales. The shortages have powered homebuilders' earnings, sending their stocks soaring, with the S&P Composite 1500 Homebuilding Sub Index up 41.90% so far this year.  ( 31 min )

(Bloomberg) -- Blackstone Inc. is selling a piece of the Las Vegas hotel Bellagio, a move that will generate cash for investors in a $67 billion property fund for wealthy individuals.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotTesla Investors to Get $12,000 Each From Musk’s SEC DealMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe Charge  ( 32 min )

Small investors earned a nice payday of more than $1,000 if they tendered 99 shares of stock in the swap, which expired last week.  ( 26 min )

It’s a $324 million loss for the company.  ( 32 min )

General Motors, Ford Motor and Stellantis - made little progress in their talks for a new labor deal. Fain, who presides over the union that represents about 150,000 workers at the automakers, said 97% of voting members approved the strike authorization, which is seen as a leverage to enhance pay talks.  ( 31 min )

All the statistics about the electric-vehicle maker and trading in the stock are amazing. Tesla is the only car company with a higher market capitalization.  ( 27 min )

Stocks reversed lower Friday morning after Fed Chair Jerome Powell said the central bank is "prepared to raise rates further."  ( 32 min )

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Ken Parks becomes CFO at GE Vernova, the company's power-generation business. Vic Abate will lead its wind arm.  ( 27 min )

Tesla isn't breaking apart, but things are happening which investors need to consider to avoid missing out on a valuation trend.  ( 27 min )

Affirm stock was rising on Friday as shareholders welcomed its revenue growth. Analysts are split on how it can deal with economic headwinds.  ( 27 min )

The Aussie dollar initially tried to rally during the trading week, but at this point in time it looks like we are struggling.  ( 32 min )

(Bloomberg) -- Here are key takeaways from Federal Reserve Chair Jerome Powell’s remarks prepared for the Kansas City Fed’s economic symposium on Friday:Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotTesla Investors to Get $12,000 Each From Musk’s SEC DealMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesPowell acknowledged the econo  ( 31 min )

While the summer months are proving to be less lucrative for stock market participants, the overall trend this year has been upward. However, JPMorgan’s global strategist, Dubravko Lakos, has recently sounded the alarm, pointing out several headwinds that are piling up, which he sees as placing a solid cap on market gains. First, Lakos points out that stock prices are high relative to earnings. Second, he adds that sentiment is too bullish, having reversed too sharply from last year’s bearish mo  ( 35 min )

The pressure keeps building on Hawaiian Electric Industries (HE). The utility’s stock tumbled nearly 18% in early trading Friday, as investors contended with a barrage of new developments late Thursday: Maui County [sued the firm](https://www.wsj.com/  ( 23 min )

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(Bloomberg) -- Hawaiian Electric Industries Inc. slumped to the lowest since 1984 after the company said it will draw down on credit lines and suspend its dividend to preserve cash in the wake of deadly wildfires on Maui. Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops  ( 31 min )

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Analysts at TD Cowen cut their recommendation on the stock to Market Perform from Outperform.  ( 26 min )

Stock opened higher Friday as investors were marking time ahead of Jay Powell's key policy speech on Friday morning.  ( 31 min )

(Bloomberg) -- The drop in US stocks on Thursday despite a bumper report from Nvidia Corp. shows the rally this year is “exhausted” and portends more declines to come, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayTrump Returns to Musk’s X With Post of Georgia Mug ShotTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yi  ( 31 min )

Interest rate futures tied to the Fed policy rate have shifted notably over the last few weeks, the CME Group's FedWatch tool shows, and now reflect about 50/50 odds of a quarter-percentage point increase to a range of 5.50% to 5.75% at either the Oct. 31-Nov. 1 meeting or the final meeting of the year on Dec. 12-13. Powell is set to deliver the keynote speech on Friday morning at the annual economic symposium hosted by the Federal Reserve Bank of Kansas City held in Jackson Hole, Wyoming. Powell has often come to Jackson Hole with a mission, but with markets now generally aligned with the Fed's outlook for an extended period of tight credit to bring inflation to heel, he may opt for a message that looks to avoid trouble.  ( 30 min )

States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don't levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, … Continue reading → The post 11 States That Do Not Tax Retirement Income appeared first on SmartAsset Blog.  ( 32 min )

If you're looking for ways to generate more retirement income, now may be the perfect time to consider an annuity. Payout rates for guaranteed lifetime annuities are currently at their highest levels in over a decade, according to Schwab. While … Continue reading → The post Why Schwab Says Now Is the Right Time to Consider an Annuity appeared first on SmartAsset Blog.  ( 32 min )

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Realty Income, which owns more than 13,000 properties in the U.S. and Europe, is paying $300 million for the 22% stake in the casino and resort, the report said. Realty Income is also investing in a $650 million preferred equity stake in the property, according to the WSJ report. A spokesperson for BREIT, Blackstone's real estate investing arm, and MGM did not immediately respond to a Reuters request for comment.  ( 31 min )

“We’re building long-term value for shareholders,” finance chief Kevin Ryan said after Thursday's bloodbath. “This is just the beginning.”  ( 32 min )

The merger between the airlines is being contested by the Justice Department, which is suing to block the $3.8 billion deal.  ( 27 min )

Stock futures were little-changed early Friday as investors were marking time ahead of Jay Powell's key policy speech on Friday morning.  ( 31 min )

Everyone loves seeing growth in their portfolio. However, a good year of investing doesn't necessarily indicate a sound long-term investment strategy. Generating sufficient retirement income means planning ahead of time but being able to adapt to evolving circumstances. As a … Continue reading → The post What Is a Realistic Rate of Return for Retirement? appeared first on SmartAsset Blog.  ( 36 min )

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The embattled utility provider ensnared in the fallout of the Maui wildfire tragedy has cut its dividend as it faces a major new lawsuit.  ( 27 min )

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British drugmaker AstraZeneca said on Friday it has filed a legal challenge to critical aspects of a program that gives the Medicare health insurance plan the power to negotiate lower drug prices. The drug price negotiation program is part of President Joe Biden's signature Inflation Reduction Act (IRA). The program faces several other court challenges, including from leading industry groups and other drug companies.  ( 31 min )

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(Bloomberg) -- As brutal as it’s been for US bond investors, the math is finally turning in their favor. Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapThe recent round of selling has left the Bloomberg USAgg Index’s yield-  ( 31 min )

Investors continue to warm up to the market despite a host of macroeconomic concerns.  ( 32 min )

(Bloomberg) -- The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapModi and Xi Speak at BRICS Summit, Ask Official  ( 32 min )

The Medicare surcharge known as Irmaa can be a tough pill to swallow. But here’s a little-known workaround: Older Americans who have been hit by the added cost have a chance to appeal.  ( 25 min )

Affirm's fiscal fourth-quarter revenue of $446 million beats analysts' estimates, Marvell Technology falls after the chip maker issues an in-line outlook for the third quarter, and Hawaiian Electric tumbles after suspending its dividend.  ( 27 min )

There is little precedent for a chip maker as large as Nvidia to double its revenue—to $13.5 billion—in one year.  ( 27 min )

(Bloomberg) -- China unveiled further mortgage easing policies to bolster its residential property market in an attempt to support economic growth.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapTrump Surrenders in Georgia on 2020 Election Probe ChargesModi and Xi Speak at BRICS Summit, Ask Officials to Resolve Border Dispute QuicklyTh  ( 30 min )

(Bloomberg) -- China’s securities regulator plans to convene a meeting with some of the world’s biggest asset managers, its latest attempt to shore up confidence after a record stretch of outflows by foreign funds.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapTrump Surrenders in Georgia on 2020 Election Probe ChargesModi and Xi Speak  ( 31 min )

(Bloomberg) -- European stocks and US futures struggled for direction as a cautious tone dominated markets before a speech from Federal Reserve Chairman Jerome Powell that will be studied for clues on the interest-rate outlook.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapTrump Surrenders in Georgia on 2020 Election Probe ChargesModi  ( 34 min )

The dollar has scope to strengthen against the euro in the current quarter, driven by growth divergence between the U.S. and the eurozone economies, SEB said.  ( 24 min )

Calstrs, the second-largest U.S. pension, bought Rivian, Nikola, and Lucid Group shares, and sold Workhorse stock in the second quarter.  ( 26 min )

Asian stocks sold off and the dollar scaled an 11-week peak against major peers on Friday as investors braced for the risk of a hawkish tilt from Federal Reserve Chair Jerome Powell at Jackson Hole. The tech-centric Nasdaq slumped 1.87% on Thursday to lead losses of more than 1% across Wall Street's three major indexes, and futures indicated some further weakness at the reopen.  ( 33 min )

The unemployment rate is a low 3.5%. The U.S. economy has avoided a threatened banking crisis and financial markets have not only aligned with the Federal Reserve's tight-credit policies but of late even helped the process by bidding up market interest rates. When Federal Reserve Chair Jerome Powell delivers a keynote speech at a central bank research symposium hosted by the Kansas City Fed here on Friday, that copacetic backdrop may inspire a message shaped mostly to avoid trouble.  ( 32 min )

Nvidia's move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report. Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed.  ( 33 min )

Every one APE unit a trader has will convert to 1/10 of one share of AMC on Friday.  ( 26 min )

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VinFast, the Vietnamese electric-vehicle maker, and Arm, a British chip designer, are caught in a weird limbo thanks to their decisions on where to list their shares.  ( 26 min )

Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ether also moved lower.  ( 32 min )

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(Bloomberg) -- The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world:Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayWagner Chief Prigozhin Listed Aboard Crashe  ( 31 min )

An industry group is a classification method for companies based on common lines of business.  ( 19 min )

Altcoins can present themselves as modified or improved versions of Bitcoin. Given Bitcoin's volatility, you may want to watch these 10 alternatives.  ( 30 min )

Today's best CD rates are 5.85% on a jumbo from One America Bank, and 5.75% for smaller deposits from Abound Credit Union, MapleMark Bank, and BluPeak Credit Union.  ( 19 min )

Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable.  ( 20 min )

The S&P 500 closed 0.7% higher on Friday, Aug. 25, 2023, as stocks rebounded after comments from Fed Chair Powell that left the door open for more interest rate hikes.  ( 16 min )

The Group of Five (G5) historically referred to a group of emerging economies that includes Brazil, China, India, Mexico, and South Africa.  ( 21 min )

An international fund is a fund that can invest in companies located anywhere outside of its investors' country of residence.  ( 20 min )

Christine Lagarde is a French lawyer and the president of the European Central Bank.  ( 23 min )

Warren Buffett’s house in Omaha is an example of the billionaire’s famous frugality. Discover the secrets that helped the Oracle of Omaha amass wealth.  ( 28 min )

German based Mercedes-Benz Group AG is a luxury vehicle company with global production and sales facilities worldwide.  ( 20 min )

For every dollar that U.S. companies make in profits, greenhouse gas emissions cause 18.5 cents worth of damage, according to an analysis.  ( 18 min )

A high discount rate causes loans to be more expensive and encourages people to save more money. This could be considered contractionary monetary policy.  ( 17 min )

Shares of buy now, pay later provider Affirm surged after it gave a higher-than-expected forecast as revenue rose and delinquencies declined.  ( 17 min )

Workers at the automotive Big Three have voted to authorize a strike when contracts expire on Sept. 14, bringing the nation one step closer to a major labor stoppage costing billions as workers fight for increased pay, retirement pensions, and better benefits.  ( 17 min )

An index of economic freedom ranks jurisdictions based on the degree of economic freedom their residents enjoy.  ( 22 min )

A credit facility is a type of loan made in a business or corporate finance context, such as revolving credit, term loans, and committed facilities.  ( 28 min )

Year-over-year pending sales dropping 15.7%, the smallest annual decline since last summer  ( 18 min )

Credit card issuers and other lenders often offer these plans to pay your bill if you lost your job, become disabled, or die. Here is how they work—and some alternatives.  ( 22 min )

U.S. bank Wells Fargo has agreed to pay $35 million to the SEC to settle a long-running allegation of overcharging advisory fees.  ( 17 min )

A business guarantee is a credit card agreement making any charges the sole responsibility of the business rather than individual business owners or employees.  ( 23 min )

A floor limit—also known as a "credit floor"—is the maximum charge that a person can make on a credit card without the merchant obtaining authorization from the card issuer.  ( 23 min )

Corporate credit cards are credit cards issued to employees of established companies for use in charging authorized business expenses.  ( 23 min )

The Jackson Hole Economic Symposium, sponsored annually by the Federal Reserve Bank of Kansas City, has been held in Jackson Hole, Wyo., since 1981.  ( 21 min )

U.S. equity markets wavered between gains and losses midday on Friday, Aug. 25, 2023, after Fed Chair Jerome Powell signaled that inflation remains too high and that the Fed could raise interest rates further to slow price growth.  ( 17 min )

Thursday's proposed deal comes just one day after a chemical solvent leak at Lordstown, Ohio-based Ultium Cells. If ratified by the UAW, the deal would raise wages an average of 25%, though not to the same level as UAW workers who assemble engines and cars.  ( 17 min )

Discover some of the mutual funds investors use to profit from gains in the automotive industry portion of the transportation sector.  ( 20 min )

Personal loans can provide access to funds you might need. However, not everyone can qualify for personal loans. Here some alternatives to a personal loan that might help you access the money you need for emergencies or other purposes.  ( 25 min )

A signature loan is a personal loan offered by banks and other finance companies that relies only on the borrower’s signature and promise to pay as collateral.  ( 22 min )

If you were looking to Federal Reserve Chair Jerome Powell for clues about whether the Fed will raise rates again at future meetings, his most recent speech probably left you in the dark.  ( 18 min )

A cash advance is a service provided by credit card issuers that allows cardholders to immediately withdraw a sum of cash, often at a high interest rate.  ( 26 min )

You can close a certificate of deposit (CD) when it reaches maturity. If you need to close a CD before maturity, you will likely face an early withdrawal penalty.  ( 23 min )

A day after falling from record heights reached earlier in the week, mortgage rates have mostly marched in place. Only one average showed notable movement.  ( 20 min )

Payday loans are designed to be quick and easy and generally have limited qualification requirements.  ( 25 min )

Find out whether interest on personal loans is tax-deductible and what types of loan interest can be used to reduce your taxable income.  ( 22 min )

Before you sign up for a high interest car title loan, investigate these eight alternative cash-raising strategies.  ( 26 min )

Nordstrom shares dropped after the retailer reported a drop in sales amid a slowdown in discretionary spending, and said losses from theft reached a record high.  ( 17 min )

Interest rate risk is the risk that arises when the absolute level of interest rates fluctuate and directly affects the values of fixed-income securities.  ( 26 min )

Collateralization is the use of a valuable asset to secure a loan against default. The collateral can be seized by the lender to offset any loss.  ( 21 min )

If you are seeking a personal loan, be aware of these eight potential pitfalls before you proceed.  ( 21 min )

The Global Dow is an equal-weighted stock index consisting of the stocks of 150 top companies from around the world as selected by Dow Jones editors.  ( 21 min )

Generally, personal loans cannot be transferred to another person, but mortgages and car loans can be exceptions to the rule.  ( 22 min )

Here's a list of what you need to qualify for a car title loan. Most important: having sole ownership of your car with no liens.  ( 22 min )

Both title loans and payday loans carry risks that outweigh the benefits, but a title loan uses your car as collateral, while a payday loan does not.  ( 24 min )

A global currency could provide some benefits such as eliminating currency risk, but drawbacks would include the loss of using monetary policy to influence an economy. Learn more.  ( 23 min )

Alibaba ADRs ticked higher after the Chinese tech giant launched open-source AI models with visual localization capabilities that it says can answer more complex queries.  ( 17 min )

A look at some of Apple's top suppliers gives an understanding of how this growing company functions. By looking at the Apple supply-chain model, along with the benefits and challenges for each component, you can gain an understanding of large-scale, multinational production streams.  ( 24 min )

Meta Platforms is taking another step forward in its development of artificial information tools with its release of a free chatbot designed to assist with writing computer code.  ( 17 min )

Investors will be watching for signals of more interest rate hikes in comments from Federal Reserve Chair Jerome Powell and shares of chipmaker Marvell Technology fell amid concerns about its data center storage business. Here’s what investors need to know today.  ( 18 min )

An emerging market fund invests the majority of its assets in securities from countries with economies that are considered to be emerging.  ( 22 min )

Middle-income countries (MICs) is a part of the income categories that the World Bank uses to classify countries' economies for operational and analytical purposes.  ( 20 min )

The Thrift Institutions Advisory Council advised the Federal Reserve Board of Governors on the various needs and conditions of nonbank savings institutions.  ( 20 min )

Three credit rating agencies have a long history in the U.S. Learn about what they do and how they developed.  ( 24 min )

Blind brokering is when brokerage firms ensure anonymity to both the buyer and the seller in a transaction.  ( 18 min )

The S&P 500 closed 0.7% higher on Friday, Aug. 25, 2023, as stocks rebounded after comments from Fed Chair Powell that left the door open for more interest rate hikes.  ( 1 min )

U.S. equity markets wavered between gains and losses midday on Friday, Aug. 25, 2023, after Fed Chair Jerome Powell signaled that inflation remains too high and that the Fed could raise interest rates further to slow price growth.  ( 1 min )

Investors will be watching for signals of more interest rate hikes in comments from Federal Reserve Chair Jerome Powell and shares of chipmaker Marvell Technology fell amid concerns about its data center storage business. Here’s what investors need to know today.  ( 1 min )

De Duitse autoriteiten zijn bang dat de installatie van een nieuwe grote drijvende terminal voor vloeibaar aardgas (lng) vertraging gaat oplopen. Door verzet van lokale overheden kan de terminal mogelijk niet deze winter in gebruik worden genomen.  ( 3 min )

Een prominent lid van de Europese Centrale Bank hintte vrijdag op een nieuwe renteverhoging. NU.nl-lezers vroegen zich af: waarom gaat de rente omhoog terwijl we kampen met hoge inflatie?  ( 2 min )

Big Bazar vertrekt uit Goes met betaalachterstanden aan de verhuurder van de locatie. De advocaat van het noodlijdende koopjesbedrijf zegt dat het een slechte locatie was en dat er al langer plannen waren om die winkel te sluiten.  ( 4 min )

Schiphol wil structureel meer geld uitgeven aan de kwaliteit van dienstverlening op de luchthaven. Dat geld gaat onder meer naar personeel, maar ook naar onderhoud en vernieuwing. Al deze kosten kunnen gevolgen hebben voor de prijzen van vliegtickets.  ( 4 min )

Big Bazar krijgt van de rechter in Leeuwarden tijd om afspraken te maken met schuldeisers en om te reorganiseren. Daarvoor is een afkoelingsperiode afgekondigd. Verhuurders en leveranciers die het faillissement van de keten hebben aangevraagd, moeten daardoor geduld hebben.  ( 4 min )

Internetplatform OnlyFans telde eind vorig jaar ruim 3,2 miljoen contentmakers. Dat is bijna een verdubbeling ten opzichte van 2021. Ook het aantal zogenoemde fans groeide hard. Bijna een kwart miljard mensen bekijkt de content van bijvoorbeeld sekswerkers, beroemdheden en artiesten.  ( 3 min )

Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan voor een verzekering niet altijd meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad. Alleen bakfietsen die te volgen zijn met een tracker worden nog verzekerd.  ( 4 min )

Threads heeft vrijdag een webversie uitgebracht. Daarmee kan het nieuwe socialemediaplatform van Facebook-moederbedrijf Meta via een internetbrowser gebruikt worden. De berichtendienst is een nieuwe concurrent voor X (Twitter).  ( 3 min )

Bierbrouwer Heineken heeft de verkoop van al zijn activiteiten in Rusland afgerond. Het Russische Arnest Group neemt alle aandelen over voor het bedrag van 1 euro. Onder de deal vallen onder meer zeven brouwerijen en 1800 medewerkers. Heineken verwacht dat het verlies als gevolg van de overname 300 miljoen euro zal bedragen.  ( 5 min )

Schiphol heeft in de eerste helft van dit jaar beduidend meer reizigers verwerkt dan in dezelfde periode vorig jaar. Daarbij bleef een chaos, zoals in 2022, achterwege. De luchthavenbeheerder spreekt daarom van een keerpunt.  ( 4 min )

De Europese Centrale Bank verhoogt haar rente na de zomer mogelijk nog verder, in de strijd tegen de aanhoudende inflatie in Europa.  ( 3 min )

Het raket- en satellietbedrijf SpaceX, dat eigendom is van miljardair Elon Musk, is aangeklaagd door het Amerikaanse ministerie van Justitie. SpaceX wordt verdacht van discriminatie van asielzoekers en vluchtelingen bij sollicitaties. Zo zouden zij onder meer stelselmatig zijn ontmoedigd om te solliciteren.  ( 3 min )

Workers at the automotive Big Three have voted to authorize a strike when contracts expire on Sept. 14, bringing the nation one step closer to a major labor stoppage costing billions as workers fight for increased pay, retirement pensions, and better benefits.  ( 1 min )

Shares of buy now, pay later provider Affirm surged after it gave a higher-than-expected forecast as revenue rose and delinquencies declined.  ( 1 min )

U.S. bank Wells Fargo has agreed to pay $35 million to the SEC to settle a long-running allegation of overcharging advisory fees.  ( 1 min )

Thursday's proposed deal comes just one day after a chemical solvent leak at Lordstown, Ohio-based Ultium Cells. If ratified by the UAW, the deal would raise wages an average of 25%, though not to the same level as UAW workers who assemble engines and cars.  ( 1 min )

Nordstrom shares dropped after the retailer reported a drop in sales amid a slowdown in discretionary spending, and said losses from theft reached a record high.  ( 1 min )

Alibaba ADRs ticked higher after the Chinese tech giant launched open-source AI models with visual localization capabilities that it says can answer more complex queries.  ( 1 min )

Meta Platforms is taking another step forward in its development of artificial information tools with its release of a free chatbot designed to assist with writing computer code.  ( 1 min )

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American Savings Bank, which Hawaiian Electric Industries bought in 1988, might be the holding company’s most valuable asset.  ( 27 min )

He bills himself as an iconoclast ready to shake up the Republican Party after making millions trying to do the same in the biotech industry.  ( 33 min )

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(Bloomberg) -- A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the car maker private at $420 a share — and then didn’t.Most Read from BloombergNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on Au  ( 32 min )

The three best jumbo CD rates in the country right now are 5.85% from One American Bank, 5.76% from Connexus Credit Union, and 5.75% from Sun East Federal Credit Union.  ( 19 min )

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Michery added that he suspects “unlawful trading practices” in the electric vehicle manufacturer’s stock are one reason to blame.  ( 14 min )

Investors have been bearish about the buy now,pay later company because its business model hasn't been tested in an environment like the current one.  ( 26 min )

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The idea of creating a BRICS common currency to rival the dollar has long been on the agenda of the emerging-market nations in the bloc.  ( 33 min )

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Management said it expects sequential growth in revenue to speed up in the third quarter, but the stock fell in after-hours trading.  ( 26 min )

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American consumers noticing an increasingly German flavor, sometimes literally, in their grocery shopping, are not imagining things. Discount grocer Aldi's recent announcement that it will acquire 400 Winn-Dixie and Harveys Supermarkets in the Southeast will instantly increase its growing market share, adding to German investors' influence on U.S. grocery shopping choices. The move will expand Aldi's presence in Florida, Alabama, Georgia, Louisiana and Mississippi, with the grocer expected to en  ( 31 min )

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(Bloomberg) -- As the US Treasury borrows heavily in the bills market, the Federal Reserve may find it has to pause its efforts to shrink its balance sheet to ensure the banking system remains stable, according to the St. Louis Fed. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayHuawei Building Secret Network for Chips, Trade Group WarnsBRICS  ( 31 min )

ETH fell to as low as $1,547 last Thursday, its lowest price since June.  ( 31 min )

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Nvidia addressed concerns about its ability to meet customer demand and the potential impact of fresh sanctions against exports to China during its latest earnings call.  ( 33 min )

A Wall Street Journal analysis of Federal Reserve data reveals a concerning financial situation for people ages 30 to 39, which constitute the majority of the millennial generation. The demographic accumulated nearly $4 trillion in debt during the fourth quarter of 2022, reflecting a substantial $140 billion rise from the preceding quarter. The surge represents a 27% increase since late 2019, constituting the most significant upswing in debt accumulation since the 2008 financial crisis. Contrary  ( 32 min )

"Nvidia's valuation is ridiculous," says analyst David Trainer. "People should not be chasing this stock before it drops by around 80% to below $100."  ( 33 min )

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A mortgage company started trading publicly today. Investors weren't enthused. Shares of Better Home & Finance fell more than 90% in Thursday trading. The company had agreed to go public in 2021 via a merger with a special-purpose acquisition company, but the closing date of the transaction hit a l  ( 23 min )

The glory days of real estate investors buying and flipping homes for quick profits seem to have hit a roadblock. It appears that investors are now losing on approximately one out of every seven homes they sell. In certain U.S. cities, sky-high house prices and elevated mortgage rates have diminished homebuyer demand, forcing investors to sell homes at a loss. A recent report by Redfin reveals that in March, investors lost money on roughly 13.5% of the homes they sold, while only 4.8% of overall  ( 33 min )

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With a net worth of $153 billion, Amazon.com Inc. Founder Jeff Bezos can probably afford to buy any house he wants. But right now, he's renting. Bezos and his fiancée Lauren Sanchez are reportedly renting a home in Malibu, California, from legendary jazz saxophonist Kenny G for $600,000 per month. The 5,500-square-foot house comes with a huge backyard, pool, screening room and recording studio. It also has a 3,500-square-foot guesthouse. The estate gives the couple access to Little Dume Beach, o  ( 33 min )

Retail sales suffered the fastest plunge this month since March 2021, when the nation was still in lockdown, according to the Confederation of British Industry.  ( 47 min )

Generation Z has taken over the retirement savings game, leaving their predecessors in the dust. They have come to dominate the arena of financial planning and investing for the future. According to a report by Vanguard, workers ages 18 to 24 were 32% more likely to invest in their workplace retirement plan than their older colleagues were at the same age. This is impressive considering younger generations typically have lower participation rates because of a lack of knowledge and lower income.  ( 31 min )

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The three mid-ranking Silicon Valley engineers behind Nvidia had just $40,000 (£31,500) between them when they started the company three decades ago, fuelled by a belief that 3D graphics would change the rapidly growing video game industry.  ( 33 min )

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Spirit AeroSystems discovers issues with fuselage supplied to Boeing  ( 9 min )

Nvidia stock is roaring like many did during the 1990s bubble. But this time around, the hype around new chips is happening in a more mature demand environment.  ( 33 min )

Walt Disney stock was falling Thursday in a head-scratching move as shares dropped for three of the past four days. Disney (ticker: DIS) shares were tumbling 3.1% to $83.14 and were on pace for their lowest close since October 2014, according to Dow Jones Market Data. The entertainment giant was th  ( 14 min )

Nvidia produced incredible quarterly numbers. Ironically, that is probably responsible for the drop in the Nasdaq Composite on Thursday.  ( 26 min )

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More than four months after Bud Light's marketing blunder, the beer brand remains in the spotlight. Now Billy Busch, heir to the Anheuser-Busch dynasty, presents an intriguing proposition to Bud Light's parent company, Anheuser-Busch InBev SA (NYSE:BUD). "I urge that company, InBev, if they don't want that brand any longer, sell it back to the Busch family. Sell it to me. I'll be the first in line to buy that brand back from you. And we'll make that brand great again," he said during Tomi Lahren  ( 33 min )

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Stocks were lower on Thursday as investors digested hawkish commentary from the Federal Reserve that warned interest rates will be higher for longer than initally anticipated.  ( 32 min )

Mortgage rates have dropped significantly across every loan type. The 30-year average gave up more than an eighth of a point, sinking to its lowest level in a week.  ( 21 min )

Dollar Tree tanks as profits get squeezed partly due to higher theft.  ( 32 min )

When love is in the air, the conversation about finances might not be a romantic one, but recent surveys suggest that it is a necessary and crucial dialogue for couples. A surprising 64% of people in relationships face money differences, underlining the need to address financial topics early on before they become major problems. This becomes even more important as relationships get more serious, like moving in together or getting married. Financial Deal-Breakers: Personal Loans And More Personal  ( 32 min )

(Bloomberg) -- Nasdaq 100 futures bounced, setting up the technology-heavy index to trim monthly declines, after a blowout forecast from Nvidia Corp. revived the buzz around artificial intelligence.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysWagner Chief Yevgeny Prigozhin, Mercenary Who Defied Putin, Is Presumed DeadNvidia Nears Record Hig  ( 32 min )

There’s been a lot of doomsaying about the economy in recent months, with predictions of a coming recession. The markets have also been a bit shaky in August, with the S&P 500 falling about 3%. But in a note from JPMorgan, global investment strategist Madison Faller keeps a generally favorable outlook and assuages investors that market swings are par for the course. “In any given year, there are good things and bad things that impact the economy and markets,” Faller said. “And while we tend to s  ( 35 min )

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Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday he doubts the U.S. central bank will need to raise interest rates again, in an interview with CNBC. "Right now I think that we've probably done enough" and with monetary policy in a restrictive stance, it's probably a good idea to hold steady for the rest of this year and see how that affects the economy, Harker said. Harker spoke to the television channel on the sidelines of the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming.  ( 30 min )

As Tesla nears production and closes in on its Q3 delivery event for the Cybertruck, an old foe rears its ugly head: production quality.  ( 32 min )

Wireless services company plans to cut about 7% of its workforce as it fends off competition from cable companies.  ( 25 min )

(Bloomberg) -- VinFast Auto Ltd.’s head-scratching surge has given the money-losing electric car startup a bigger market capitalization than Citigroup Inc., with famed short seller Jim Chanos calling the stock’s valuation “insane.”Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsNvidia Nears Record High as AI Demand Fuels Blowout ForecastWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysBRICS  ( 33 min )

Mortgage demand isn’t what it used to be: Both home purchase and refinance application volume have dropped below their booming levels in 2020 and 2021.  ( 27 min )

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The discount retailer reported a decline in its gross margin year over year, partly due to inventory loss.  ( 27 min )

The Nasdaq popped after Nvidia's earnings smashed Wall Street's expectations.  ( 31 min )

The euro has been relatively quiet during early trading on Thursday, as we wait for speeches coming out of Jackson Hole on Friday.  ( 32 min )

AMC completed a reverse stock split Thursday, ahead of a planned conversion of preferred equity units into common shares. The reverse split gave shareholders in the movie-theater chain one share for every 10 they previously held, and has the effect of increasing AMC's share price. The conversion o  ( 22 min )

The looming APE equity unit conversion causes major volatility in AMC stock. The good news is the shares were upgraded by Wedbush.  ( 26 min )

When you retire or reach a certain age, there might be certain things you no longer have to do. You might get to skip the commute or qualify for some great discounts. But no matter your age, you don't get … Continue reading → The post Do Seniors Ever Stop Filing Taxes? appeared first on SmartAsset Blog.  ( 33 min )

Stock futures tied to the Nasdaq popped after Nvidia's earnings smashed Wall Street's expectations.  ( 31 min )

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Splunk stock’s performance this year has been only a fraction of the surge in Nvidia's shares, but impressive second-quarter earnings and guidance look set kick off a surge.  ( 26 min )

Shares in Spirit AeroSystems take a bigger hit despite the Boeing supplier saying the 737 issue will not make a material impact to its delivery range.  ( 26 min )

Cash is challenging the stock market's earnings yield for the first time in 22 years, representing a major shift in the environment for investors.  ( 33 min )

(Bloomberg) -- As corporate failures surge this year, debt investors are in a fight to salvage as much money as they can from the wreckage. The early skirmishes are going very badly.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysWagner Chief Yevgeny Prigozhin, Mercenary Who Defied Putin, Is Presumed DeadNvidia Nears Record High as AI Demand F  ( 34 min )

Sandwich chain Subway has agreed to sell itself to private equity firm Roark Capital, the company said on Thursday, amid its struggles with intensifying competition and rising costs.  ( 29 min )

AI chipmaker Nvidia posted revenues of $13.51 billion in the second quarter. That's 88% higher than the previous quarter and up 101% from a year ago.  ( 32 min )

The blowout results and forecast indicate that demand for the company under CEO Jensen Huang isn’t short-lived, but high prices will spur competition.  ( 27 min )

In 2017, the Trump administration spearheaded a comprehensive series of tax cuts. Called the Tax Cuts and Jobs Act (TCJA), the law reduced corporate taxes by about 40% and household taxes by varying degrees for most individuals. While the corporate tax cut is permanent, most of the individual tax reductions will end in 2025 or […] The post What High Earners Need to Know for Trump-Era Tax Expirations appeared first on SmartReads by SmartAsset.  ( 34 min )

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This could put pressure on the top end of Boeing's annual 737 delivery target of 450 planes, some Wall Street analysts warned even as the planemaker said it was evaluating that goal. It is for the second year that Boeing's delivery targets are under review, after supply-chain issues forced it to temper its goal last year. The latest quality issue is due to improperly shaped holes in the aft pressure bulkhead of some planes.  ( 31 min )

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Wall Street continues to gush over Nvidia's financials.  ( 34 min )

Nvidia stock surges after the chip maker forecasts third-quarter revenue of $16 billion at the midpoint of its range, well above analysts' forecasts. Snowflake, meanwhile, reports better-than-expected second-quarter earnings and revenue, and Splunk's quarterly revenue jumps 14% and tops estimates.  ( 27 min )

The UK’s largest oil producer has blamed the Government’s windfall tax after it swung from a near $1bn profit to an $8m (£6.3m) loss during the first half of the year.  ( 32 min )

(Bloomberg) -- The last research firm with the equivalent of a “sell” rating on Nvidia Corp. is throwing in the towel.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMorningstar Inc. upgraded the chipmaker  ( 31 min )

(Bloomberg) -- ConocoPhillips has been put on divestment watch by some of Europe’s biggest pension funds, after using proceeds from a recent debt financing to expand its business in oil sands.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysWagner Chief Yevgeny Prigozhin, Mercenary Who Defied Putin, Is Presumed DeadQQQ Up in Late Hours on Nvidi  ( 33 min )

More than 20 brokerages raised their target price for Nvidia post the earnings update, according to Refinitiv data, with Elazar Advisors being the most bullish at $1,600. Along with Rosenblatt Securities at $1,100 - they are the only ones to have targets above $1,000 for Nvidia. Nvidia has been the biggest beneficiary of the rise of ChatGPT and other generative AI apps, virtually all of which are powered by its graphics processors.  ( 32 min )

Norwegian Air Shuttle reported a drop in second-quarter net profit to NOK538 million, but said demand was strong and that it has begun examining the potential for a dividend.  ( 25 min )

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The stock market is pricing in an unrealistic "no landing" scenario where the Fed crushes inflation without triggering a recession, Amanda Agati says.  ( 31 min )

(Bloomberg) -- The prospect of global interest rates remaining higher for longer is tipping the case for many investors to switch into bonds from stocks.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekFixed  ( 33 min )

(Bloomberg) -- Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly held view among top chipmakers.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Ma  ( 32 min )

Nvidia's CEO Jensen Huang said he expects the artificial intelligence boom will last well into next year and made what could be the largest single bet yet in the tech sector to back up his optimism. The company's sales forecast on Wednesday blew past Wall Street's expectations and it said it would buy back another $25 billion of its shares, a move most companies make when their leadership thinks the company is undervalued. Nvidia's stock price, though, has more than tripled this year and was set to hit an all-time high after Wednesday's results.  ( 33 min )

Old school investors will tell you that ‘buying low and selling high’ is the key to market success. The advice may be cliché, but it’s based on mathematical truth. The hard part, however, is understanding when prices are low, because that’s not always an absolute number. In recognizing that lower price range, investors can turn to Wall Street’s analysts for help. These professional stock watchers build their reputations on the quality of their calls, sorting through reams of data to find and rec  ( 34 min )

Occupancy fraud is a type of mortgage fraud, whereby the borrower lies about whether or not the home will be owner occupied.  ( 22 min )

Indexed universal life insurance offers tax benefits and potentially higher returns, but it has a number of risks that need to be considered.  ( 28 min )

The three best jumbo CD rates in the country right now are 5.85% from One American Bank, 5.76% from Connexus Credit Union, and 5.75% from Sun East Federal Credit Union.  ( 19 min )

Life insurance can increase your coverage over time. Here's how this works with different types of policies.  ( 21 min )

A zero-coupon inflation swap is a derivative where a fixed-rate payment on a notional amount is exchanged for a payment at the rate of inflation.  ( 21 min )

Reverse mortgage counseling is required for home equity conversion mortgages. Learn how to find a trustworthy reverse mortgage counselor to work with.  ( 24 min )

The S&P 500 dropped 1.4% on Thursday, Aug. 24, 2023 as the recent rally in tech stocks came to a halt ahead of Friday's speech by Fed Chair Jerome Powell.  ( 17 min )

Today's best CD rates are 5.85% on a jumbo option from One America Bank, and 5.75% for smaller deposits, offered by both Abound Credit Union and MapleMark Bank.  ( 19 min )

Twenty-five years of expansionary policy, both fiscal and monetary, has not yielded the desired results for the Japanese economy.  ( 21 min )

Home equity loans generally have higher interest rates but lower closing costs and fees than mortgages, so it pays to shop around.  ( 22 min )

The employer payroll tax deferral lets you defer the employer portion of 2020 and 2021 Social Security taxes and split payment between 2021 and 2022.  ( 21 min )

Lower interest rates increase business investment by making it cheaper to borrow money for new projects.  ( 20 min )

Demand-side economics emphasizes the importance of aggregate demand and supports government intervention.  ( 22 min )

Federal Reserve officials gave differing assessments Thursday at the Jackson Hole Economic Symposium about whether the central bank should raise its benchmark interest rate.  ( 17 min )

Learn about the performance of the mutual funds offered by Capital Group's American Funds that have the longest established track records.  ( 19 min )

An internal growth rate (IGR) is the highest level of growth achievable for a business without obtaining outside financing.  ( 20 min )

There are three general types of blockchains—public, private, and permissioned. Learn the key differences and how they are typically used.  ( 22 min )

The proof of burn (POB) consensus algorithm combines the proof of work (POW) and proof of stake (POS) and partially overcomes their shortcomings.  ( 20 min )

Created by Congress, the Investment Company Act of 1940 regulates the organization of investment companies and the product offerings they issue.  ( 24 min )

Do you need life insurance? Read on to tell whether or not life insurance is necessary for your financial plan.  ( 26 min )

Hyperledger Fabric is a platform for building various blockchain-based products, solutions, and applications for business use.  ( 21 min )

Cryptocurrency spoofing is the process by which criminals attempt to artificially influence the price of a digital currency by creating fake orders.  ( 20 min )

U.S. equity markets fell in midday trading on Thursday, Aug. 24, 2023, as tech gains following Nvidia's earnings beat faded ahead of Fed Chair Jerome Powell's coming speech at the Jackson Hole Economic Symposium.  ( 16 min )

Basketball legend Michael Jordan is the richest NBA player of all time after selling his stake in the Charlotte Hornets. One of the best basketball players in NBA history, Jordan has a net worth of $3.5 billion as of 2023, thanks to lucrative endorsements such as Nike and the Jordan Brand, and other business ventures.  ( 21 min )

Sovereign debt is issued by a country's government in order to borrow money.  ( 22 min )

The average rate offered for a 30-year fixed mortgage surged this week to 7.23% from 7.09% the week before, reaching the highest point since 2001, Freddie Mac said Thursday.  ( 17 min )

BRICS is an acronym for the combined economies of Brazil, Russia, India, China, and South Africa, which some claimed early in this century were poised to dominate the world economy by 2050.  ( 23 min )

Mortgage rates have dropped significantly across every loan type. The 30-year average gave up more than an eighth of a point, sinking to its lowest level in a week.  ( 20 min )

Dollar Tree posted stronger-than-expected earnings for the quarter ended July 29, as the discount retailer benefited from higher sales at its flagship stores but was pressured by weaker margins.  ( 19 min )

Phi ellipses is a little-known trading tool, drawn by a computer or trading software, used to detect price patterns, trends, and possible reversals.  ( 19 min )

A purchase money security interest (PMSI) is a legal first claim to repossess property financed with its loan when a borrower defaults.  ( 23 min )

A low federal funds rate implies expansionary monetary policy by a government, stimulating demand and employment.  ( 23 min )

Home equity conversion mortgages are the most common reverse mortgages, but proprietary and single-purpose reverse mortgages offer other benefits.  ( 21 min )

A chip-and-signature card is a type of credit card that encodes its information in a magnetic stripe as well as a square microchip.  ( 19 min )

Boeing and Spirit AeroSystems shares dropped as a 737 MAX quality problem delays deliveries and Boeing warned it could miss this year's delivery target.  ( 17 min )

Learn about the dynamics of the federal budget including how it is passed and the major categories representing revenue and expenditures.  ( 19 min )

The acquisition is just the latest move in AMD's ongoing artificial intelligence push that includes the unveiling of a new GPU earlier this summer.  ( 17 min )

The enlarged BRICS coalition will control almost half the global crude oil market and will have the strength to trade within the bloc in non-dollar currencies.  ( 17 min )

A company's book value is its total assets minus its total liabilities. It can be determined by looking at the Shareholders's Equity section of the Balance Sheet.  ( 22 min )

The Satoshi Cycle was a cryptocurrency theory that attempted to establish a cause and effect relationship between Bitcoin's price and Internet searches.  ( 22 min )

An Associate in Loss Control Management (ALCM) was a professional designation offered by the Insurance Institute of America (IIA).  ( 19 min )

While 1.3 million residential properties in the US are vacant, zombie foreclosures still accounted for just a fraction of the nation's 101.6 million residential property stock.  ( 17 min )

Dig deeper into the three components of stagflation: inflation, unemployment, and declining output, as understood by economic theory.  ( 19 min )

Governments have options when trying to reduce national debt, and throughout history, some have actually worked. Cutting spending has proved most successful.  ( 26 min )

Cryptojacking is a form of cyberattack in which a hacker hijacks a target's processing power in order to mine cryptocurrency on the hacker's behalf.  ( 20 min )

CEO Huang cited "a new computing era" and increased corporate interest in generative A.I. to explain the surge in demand for GPU chips and data center resources.  ( 17 min )

Achieving equilibrium of prices in a single or multi-market setting involves a bidding process that is informed precisely by demand.  ( 20 min )

Nvidia shares surged after the chipmaker gave a higher-than-expected revenue forecast on rising demand for AI, and shares of software maker Splunk jumped after it narrowed losses on higher AI revenue. Here’s what investors need to know today.  ( 18 min )

A debt is money owed and a deficit is an imbalance of spending vs. revenue. A country that has debt and/or deficits does not necessarily have a weak economy.  ( 26 min )

Learn about the macroeconomic factors policymakers have to be concerned with when deciding on economic policies, such as taxation and interest rates.  ( 21 min )

Take a deeper look at the nature of supply shocks, an economic phenomenon that dramatically changes the equilibrium level of production.  ( 23 min )

The S&P 500 dropped 1.4% on Thursday, Aug. 24, 2023 as the recent rally in tech stocks came to a halt ahead of Friday's speech by Fed Chair Jerome Powell.  ( 1 min )

The average rate offered for a 30-year fixed mortgage surged this week to 7.23% from 7.09% the week before, reaching the highest point since 2001, Freddie Mac said Thursday.  ( 1 min )

U.S. equity markets fell in midday trading on Thursday, Aug. 24, 2023, as tech gains following Nvidia's earnings beat faded ahead of Fed Chair Jerome Powell's coming speech at the Jackson Hole Economic Symposium.  ( 1 min )

Nvidia shares surged after the chipmaker gave a higher-than-expected revenue forecast on rising demand for AI, and shares of software maker Splunk jumped after it narrowed losses on higher AI revenue. Here’s what investors need to know today.  ( 1 min )

Het raket- en satellietbedrijf SpaceX, dat eigendom is van miljardair Elon Musk, is aangeklaagd door het Amerikaanse ministerie van Justitie. SpaceX wordt verdacht van discriminatie van asielzoekers en vluchtelingen bij sollicitaties. Zo zouden zij onder meer stelselmatig zijn ontmoedigd om te solliciteren.  ( 3 min )

Veel werklozen zitten nu maar kort zonder werk. Tien jaar geleden zaten meer mensen langdurig thuis. In april, mei en juni zat een op de zeven werklozen twaalf maanden of langer zonder werk, blijkt uit cijfers van statistiekbureau CBS.  ( 3 min )

Subway, de broodjesketen met wereldwijd ruim 37.000 vestigingen, wordt door de families van de oprichters verkocht. De koper is investeringsmaatschappij Roark Capital, de eigenaar van onder meer Dunkin' Donuts.  ( 3 min )

Subway, de broodjesketen met wereldwijd ruim 37.000 vestigingen, wordt door de families van de oprichters verkocht. De koper is investeringsmaatschappij Roark Capital, de eigenaar van onder meer Dunkin' Donuts.  ( 3 min )

Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan niet meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad.  ( 4 min )

Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan niet meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad.  ( 4 min )

De Turkse centrale bank heeft het rentetarief in het land flink opgeschroefd, tot 25 procent. De enorme rentestap kwam als een verrassing. Economen hadden gerekend op een veel kleinere verhoging.  ( 3 min )

Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan binnenkort niet meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad.  ( 3 min )

Royal Delft Group heeft zijn inkomsten in de eerste helft van dit jaar flink zien stijgen. Dat kwam vooral doordat toeristen weer naar ons land kwamen en veel Delfts blauw en andere producten van het bedrijf kochten.  ( 3 min )

Boeing heeft last van verkeerd geboorde gaten in nog te leveren 737 MAX-toestellen. Volgens de Amerikaanse vliegtuigbouwer heeft leverancier Spirit AeroSystems onjuist gaten geboord in een onderdeel dat de luchtdruk in de cabine regelt.  ( 3 min )

Er duiken steeds meer nieuwssites op die kunstmatige intelligentie (AI) gebruiken om razendsnel artikelen van gerenommeerde media te hergebruiken. De nieuwssites controleren de herschreven teksten nauwelijks. Daarmee ligt de verspreiding van nepnieuws en desinformatie op de loer.  ( 4 min )

Het landencollectief BRICS (Brazilië, Rusland, India, China en Zuid-Afrika) wil de samenwerking uitbreiden. Argentinië, Egypte, Ethiopië, Iran, Saoedi-Arabië en de Verenigde Arabische Emiraten mogen in 2024 ook lid worden.  ( 4 min )

De handelsprijs voor gas is de laatste dagen met bijna 30 procent gezakt. Dit komt doordat stakingen bij belangrijke productielocaties voor vloeibaar aardgas in Australië waarschijnlijk zijn afgewend.  ( 3 min )

Door extreem weer kunnen de premies van verzekeringen bij Achmea de komende tijd oplopen. Onder meer Centraal Beheer, FBTO, Interpolis en Zilveren Kruis vallen onder het bedrijf.  ( 3 min )

Drie kwart van de bedrijven heeft momenteel last van een tekort aan personeel. Dat is iets minder dan de 84 procent van een jaar geleden. De krappe arbeidsmarkt leidt er bij veel bedrijven toe dat de werkdruk toeneemt.  ( 3 min )

Nederlandse huishoudens en bedrijven verbruikten in de eerste helft van dit jaar 15,7 miljard kuub gas. Dat is een derde minder dan in dezelfde periode twee jaar eerder. Ook in vergelijking met vorig jaar is sprake van een flinke daling: een min van 10 procent.  ( 3 min )

Boeing and Spirit AeroSystems shares dropped as a 737 MAX quality problem delays deliveries and Boeing warned it could miss this year's delivery target.  ( 1 min )

The Commercial Paper Funding Program (CPFF) was designed to increase the liquidity of the commercial paper market by providing funding to issuers.  ( 20 min )

The Macroeconomic Stabilization Fund (FEM) was established by Venezuela to stabilize cash flow from oil production.  ( 20 min )

You now have a whopping 30 choices to lock in a CD rate of at least 5.50%, including a top nationwide rate of 5.75%. That's double the number available at the start of August.  ( 18 min )

Single entity coverage is a type of insurance policy that covers all real property in a condominium, including common areas and individual units.  ( 17 min )

Amid COVID-19's second year, the top financial terms for 2021 can be traced to economic concerns, Internet meme culture, and Britney Spears.  ( 27 min )

Find out why marginalism is such an important concept in microeconomic theory, and what economists mean by marginal utility or cost.  ( 21 min )

Today's best CD rates are 5.85% on a jumbo option from One America Bank, and 5.75% for smaller deposits, offered by both Abound Credit Union and MapleMark Bank.  ( 19 min )

The S&P 500 gained 1.1% on Wednesday, Aug. 23, 2023, as tech stocks surged and Treasury yields dipped.  ( 16 min )

The Trade Act of 1974 passed to expand U.S. participation in international trade and reduce trade disputes through the reduction of barriers to trade.  ( 21 min )

A block header is the unique identity of a particular block on a blockchain and is hashed by miners for rewards.  ( 18 min )

The Maldivian rufiyaa (MVR) is the national currency of the Republic of the Maldives.  ( 19 min )

Remote work is here to stay, whether employers like it or not—and, for the most part, they don’t.  ( 18 min )

r/CryptoCurrency Moons (MOON) is a digital currency that the r/Cryptocurrency Reddit forums use to reward users.  ( 21 min )

Only 11% of respondents said they are living their definition of financial freedom.  ( 17 min )

An energy improvement mortgage allows borrowers to qualify for additional loan funding for cost-effective energy efficiency improvements on a home.  ( 18 min )

A small corporate offering registration (SCOR) is a simplified means for smaller companies to raise capital by issuing shares.  ( 20 min )

A car title loan is a type of short-term loan in which the borrower pledges their car as collateral. They are also known as auto title loans.  ( 21 min )

Learn how the Consumer Price Index (CPI) and Producer Price Index (PPI) differ in the composition of their target sets of goods and services.  ( 20 min )

Homebuilders are selling more, and cheaper new houses these days, the opposite of the trend in the market for existing homes where sales are slow and prices hitting record highs.  ( 18 min )

Bancor blockchain protocol allows users direct zero/low fee conversion between different crypto coins.  ( 22 min )

Half of retired and pre-retired Americans are considering going back to work or delaying retirement, according to a recent survey, and the reasons aren't limited to finances.  ( 18 min )

If you don’t have the cash, should you use the equity you have in your home to modify it so that you can stay in it longer?  ( 22 min )

A dangerous asset is one which poses a risk of a liability to its owner.  ( 18 min )

Agency theory and stakeholder theory are both used to understand and explain various types of relationships and challenges that can occur in business.  ( 20 min )

Find out what influences competition in microeconomics and how perfect competition, monopoly, and oligopoly vary in their competitive characteristics.  ( 21 min )

Singapore-based e-commerce and ride-hailing company Grab narrowed its losses and forecast a smaller loss for the year, as cost-cutting measures paid off.  ( 19 min )

Business crime insurance gives companies protection from damage from corporate crimes like fraud, embezzlement, theft, and others.  ( 19 min )

A co-tenancy clause in retail lease contracts allows tenants to reduce their rent if key tenants or a certain number of tenants leave the retail space.  ( 21 min )

It's important to understand where that money coming out of your paycheck goes and why. After all, you earned it.  ( 24 min )

The most recent rounds of tax reform have expanded the benefits of 529 college savings plans.  ( 25 min )

U.S. equity markets gained in midday trading on Wednesday, Aug. 23, 2023 as tech stocks rallied ahead of a key earnings report from Nvidia that could offer insight on the state of the AI industry.  ( 16 min )

Learn how marginal utility influences consumer choice under the law of diminishing marginal utility and consumer decisions made on margins.  ( 22 min )

Peloton shares tumbled after reporting a wider-than-expected loss as falling subscriber numbers and recall costs impacted its results.  ( 17 min )

A call option is a contract that gives the option buyer the right to buy an underlying asset at a specified price within a specific time period.  ( 30 min )

Mortgage rates rose again, hitting new records not only for 30-year new purchase loans, but also for 15-year loans, 30-year jumbo loans, and 30-year refi mortgages.  ( 20 min )

You can't roll a traditional IRA into a 529 plan without paying taxes, but there are better options to help cover higher-education expenses.  ( 24 min )

The right number of savings accounts will depend on your personal situation, and sometimes you can benefit from having more than one. Learn what factors to consider.  ( 23 min )

Older investors tend to be more open to AI than younger investors when it comes to financial advice. A much smaller percentage of investors would implement this advice without running it by a human advisor.  ( 17 min )

The U.S. remains the king of corn, followed by China and Brazil. Producers around the world grow plenty of this versatile crop for domestic use and export.  ( 22 min )

All mortgage applications decreased by 4.2% from a week ago.  ( 17 min )

Five risks to take into consideration when you choose and invest in a 529 plan to pay for your child’s future education expenses.  ( 26 min )

A target hash sets the difficulty for cryptocurrency mining using a proof-of-work (PoW) blockchain system.  ( 19 min )

The bond market is the collective name given to all trades and issues of debt securities and include corporate, government, and municipal bonds.  ( 30 min )

Foot Locker shares plunged after the retailer reported sales fell as inflation-weary shoppers spent less on the company's apparel and footwear.  ( 17 min )

Should you spend your 529 account down quickly in hopes of qualifying for more financial aid? It's possible, but the strategy can also backfire.  ( 24 min )

UPS workers ratified a deal worth $30 billion in wage increases and other benefits, ending contentious negotiations and the threat of a strike.  ( 17 min )

Nvidia shares moved higher ahead of its earnings report and AMC shares dove as it prepares to convert preferred equity shares and execute a reverse stock split. Here’s what investors need to know today.  ( 18 min )

Central banks such as the Federal Reserve influence monetary policy in the economy by increasing or decreasing interest rates. Shifts in this crucial interest rate have a drastic effect on consumer spending and borrowing.  ( 25 min )

Here are the three worst episodes of hyperinflation in modern history.  ( 26 min )

The Purchasing Managers' Index is a telling sign of the U.S. economy. But what is it?  ( 25 min )

Fiscal policy refers to the use of the government budget to affect the economy including government spending and levied taxes. Find out how the policies adopted have a direct influence on the budget deficit.  ( 23 min )

You now have a whopping 30 choices to lock in a CD rate of at least 5.50%, including a top nationwide rate of 5.75%. That's double the number available at the start of August.  ( 19 min )

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GM said in April about 5,000 salaried workers had taken buyouts to leave the automaker after it announced plans to cut costs by $2 billion this year. GM said around 80 to 90 employees working in software defined vehicle teams will remain in Arizona as it consolidates IT operations at its Michigan, Georgia and Texas facilities.  ( 30 min )

Investors know the pain of seeing some of their stocks tumble after an analyst downgrade, but stocks also can slide when analysts maintain previous ratings but slash previous stock price targets by 10% or 20%. As Wall Street grapples with the latest Federal Reserve meeting minutes that suggest more interest rate hikes could be forthcoming, droves of analysts have been slashing price targets on interest-sensitive stocks such as real estate investment trusts (REITs). Over the past week,18 price ta  ( 32 min )

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Steel service center Esmark ended its $35 all-cash bid for United States Steel.  ( 26 min )

The chip maker reported revenue of $13.5 billion for its latest quarter, well above analysts' expectation of $11.2 billion.  ( 27 min )

Nvidia's numbers are out, and the chipmaker has once again smashed Wall Street expectations. Here's what the company reported, versus what analysts expected, according to FactSet: Revenue: $13.51 billion, versus $11.19 billion expected. Earnings per share: $2.48 (GAAP) and $2.70 (non-G  ( 22 min )

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Nvidia's stock is surging after reporting better-than-expected earnings, and the chipmaker had even more goodies for its investors. Nvidia also announced a new authorization to repurchase up to $25 billion worth of stock. Nvidia said it spent $3.28 billion on buybacks in the second quarter. The ch  ( 22 min )

Nvidia reported its second quarter earnings after the bell Wednesday.  ( 31 min )

Shares of the Santa-Clara, California-based company rose 6.3% in trading after the bell. They have tripled this year, making the company the first ever trillion-dollar chip business as investors bet Nvidia will be the key beneficiary of the AI boom. Analysts have estimated that demand for Nvidia's prized AI chips is exceeding supply by at least 50%, adding that the imbalance will stay in place for the next several quarters.  ( 30 min )

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United Airlines has agreed to a $30 million settlement after a deplaning incident left a quadriplegic man in a vegetative state, court papers show. The settlement with the family of Nathaniel Foster Jr, known as N.J., was disclosed on Tuesday in San Francisco federal court, and reached after one day of trial. It arose from the treatment of Foster, who had been using a wheelchair, ventilator and tracheal tube, as he and his family were disembarking from a Feb. 8, 2019 United Express flight to Monroe, Louisiana, where they had traveled to attend a funeral.  ( 30 min )

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These retail and restaurant stocks face consumer headwinds once student loan repayments kick off.  ( 35 min )

Volkswagen has begun purchasing strategically important chips it believes will be in short supply globally directly from 10 manufacturers including NXP Semiconductors, Infineon Technologies and Renesas Electronics the carmaker said on Wednesday. The German carmaker, which previously relied on its component suppliers to purchase chips, began striking direct deals with chipmakers last October to ensure its supply was secure, according to Karsten Schnake, head of a Volkswagen-wide taskforce for component supply founded in 2022. Volkswagen and Franco-Italian chipmaker STMicroelectronics announced plans last July to co-develop a new semiconductor, marking VW's first direct relationship with a second- and third-rank semiconductor supplier.  ( 30 min )

Stablecoins settled more value than PayPal processed in 2022, with dollar-pegged tokens approaching Visa-level payments volumes.  ( 26 min )

Stocks were higher on Wednesday afternoon with investors bracing for results from Nvidia after the bell.  ( 31 min )

Longer-dated Treasury yields have been hitting the highest levels in more than a decade.  ( 26 min )

(Bloomberg) -- Federal Reserve Chair Jerome Powell is expected to map out final steps in the US central bank’s campaign to tame inflation, and reinforce its commitment to finishing the job, when he speaks Friday in Jackson Hole, Wyoming.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Off  ( 33 min )

Shares of the graphics-chip maker have been having a boffo year. The second-quarter earnings report will jar the stock price up or down.  ( 26 min )

A lot hinges on Nvidia results, including the direction of the Nasdaq. Technical analysis of the chip maker's stock flashes a bearish warning, analyst says.  ( 26 min )

The investor's ARK Innovation Fund dumped the stock in January, missing out on most of the chip maker's meteoric 212% rise so far in 2023.  ( 27 min )

(Bloomberg) -- About $1.2 trillion of debt on US commercial real estate is “potentially troubled” because it’s highly leveraged and property values are falling, according to Newmark Group Inc.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysIndia First to Land Near Moon South Pole After Russia FailsBond Yields Sink as Wea  ( 31 min )

Anyone active in the stock market is looking for solid returns, but is often faced with a problem: how to cut through all the noise and reams of data in order to generate those gains. Seasoned market participants will say there are all kinds of different strategies to follow, but one of the most straightforward ones is to track the moves made by Wall Street’s investing legends. And hardly any come with a more stellar reputation than hedge fund manager David Tepper. The billionaire investor is th  ( 34 min )

"Broadcom will immediately invest an additional $2 billion a year to better unlock customer value,” CEO Hock E. Tan said.  ( 10 min )

Nvidia stock was higher early Wednesday ahead of the company's highly-anticipated earnings report after the bell.  ( 31 min )

Nvidia will report its second quarter earnings Wednesday, as Wall Street expectations rise.  ( 31 min )

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(Bloomberg) -- From his office just outside Los Angeles, Dominic Ng watched as California banks fell like dominoes — first crypto-friendly Silvergate Capital Corp. down near San Diego in early March, then Silicon Valley Bank up north days later, followed by San Francisco’s First Republic Bank at the beginning of May.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon  ( 33 min )

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U.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted. S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 50.4 in August from 52 in July, the biggest drop since November 2022. While August's reading was the seventh straight month of growth, it was only fractionally above the 50 level separating expansion and contraction as demand weakened for both manufactured goods and services.  ( 30 min )

If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading → The post Ask an Advisor: I Want to Roll Over My Money to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartAsset Blog.  ( 32 min )

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Nvidia stock was higher early Wednesday ahead of the company's highly-anticipated earnings report after the bell.  ( 31 min )

Peloton stock was tanking in pre-market after posting a disappointing quarter and guidance.  ( 32 min )

Stocks opened higher on Wednesday morning with investors bracing for results from Nvidia after the bell.  ( 30 min )

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Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your … Continue reading → The post Ask an Advisor: ‘Prove Me Wrong.' I Think Investing in CDs Is a Better Deal Than Working With an Advisor appeared first on SmartAsset Blog.  ( 33 min )

A weakening consumer environment continues to weigh on Foot Locker's turnaround strategy as the company expects comparable sales to decline at their highest levels in more than a decade.  ( 32 min )

Johnson & Johnson investors were able to exchange less than a quarter of their shares for the consumer split off. The company will update financial guidance next week  ( 27 min )

Nvidia stock was higher early Wednesday ahead of the company's highly-anticipated earnings report after the bell.  ( 32 min )

The clothing retailer raises its outlook for full-year sales growth. Higher prices have helped.  ( 26 min )

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Shares of Peloton are sinking in premarket trading after the fitness-equipment maker reported another decline in paying subscribers and said the costs of an equipment recall was denting its profit. The stock is down 27% in premarket trading. More on Peloton's results: [**Peloton Shares Pl  ( 21 min )

Stock futures were higher on Wednesday with all eyes on Nvidia's results out after the bell.  ( 32 min )

Jeff Shepherd has left the company; Tony Iskander named as interim CFO.  ( 25 min )

The company says the $40 million cost of a seat recall announced in May exceeded Peloton's initial expectations.  ( 26 min )

Earnings from auto parts distributors such as Advance Auto Parts just might be the canary in the coal mine. There is a limit to what people can pay to buy and maintain their vehicles.  ( 27 min )

Investors should pay careful attention to what Macy's said about rising issues in its credit card business.  ( 33 min )

The company swung to a loss of $5 million, from a profit of $94 million in the year-ago quarter.  ( 26 min )

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Foot Locker slashes its outlook for the second straight quarter and pauses its dividend as the shoe retailer grapples with a tough consumer backdrop.  ( 27 min )

Analog Devices shares dropped on Wednesday after its quarterly guidance missed analysts' expectations. Other semiconductor companies with big industrial and automotive exposure were also falling.  ( 26 min )

As investors pile into various higher yielding investments, it’s important to know the big taxable differences between each type.  ( 25 min )

Investors in the sports retailer, Goldman Sachs, Charles Schwab, and several others will be hoping for some good news soon.  ( 26 min )

Foot Locker is cutting its full-year outlook again and pausing its quarterly dividend as sales dropped in its fiscal second quarter with consumers continuing to be more cautious about their purchases. The footwear and clothing retailer said quarterly sales declined to $1.86 billion from $2.07 billion. “We did see a softening in trends in July and are adjusting our 2023 outlook to allow us to best compete for price-sensitive consumers,” President and CEO Mary Dillon said in a statement.  ( 32 min )

Kohl's is feeling the brunt of consumers spending less.  ( 32 min )

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A lot hinges on Nvidia results, including the direction of the Nasdaq. Technical analysis of the chip maker's stock flashes a bearish warning, analyst says.  ( 27 min )

Nvidia shares moved higher ahead of its earnings report and AMC shares dove as it prepares to convert preferred equity shares and execute a reverse stock split. Here’s what investors need to know today.  ( 18 min )

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401(k) contribution limits should continue their upward climb in 2024, according to a recent projection by Mercer. However, easing inflation now means lower forecasts for 401(k) and other retirement plan contribution limits for next year. After rising substantially from $20,500 in 2022 to $22,500 for 2023, Mercer projects the annual cap to go up just […] The post 401(k) Contribution Limits Projected to Rise Again in 2024: How to Plan Ahead appeared first on SmartReads by SmartAsset.  ( 32 min )

Tesla lowered the production target of its German plant to 4,350 a week in July and August after hitting 5,000 a week in March, and plans to reduce it further, according to a Business Insider report citing internal documents and anonymous sources. The U.S. carmaker had posted on X, the social media platform formerly known as Twitter, in late March that it hit 5,000 cars per week at the plant in Gruenheide near Berlin, but workers who declined to be named told Business Insider that this was a one-off and average output since then had been much lower, the article said. Tesla said in June it was hiring fewer temporary workers than it did in the beginning because they were no longer needed but that its production targets were on track.  ( 31 min )

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Nvidia's results after the bell today are hotly anticipated. Other companies in the semiconductor ecosystem are trying to monetize new AI demand, but they're not yet coming close in magnitude.  ( 33 min )

While some say recession worries should be abating, the creator of the inverted-yield curve believes a recession is still coming.  ( 34 min )

Former St. Louis Fed chief James Bullard warns that stronger growth will require even higher rates.  ( 27 min )

Expectations are lofty, but concerns about China and the supply chain remain.  ( 27 min )

Nvidia's highly anticipated second-quarter earnings are scheduled for after the closing bell Wednesday, Toll Brothers reports earnings and revenue that top Wall Street expectations, and sales at Urban Outfitters set a record.  ( 27 min )

The investor's ARK Innovation Fund dumped the stock in January, missing out on most of the chip maker's meteoric 212% rise so far in 2023.  ( 27 min )

Sterling and gilt yields drop after provisional U.K. purchasing managers’ data showed contractions in both manufacturing and services sector activity in August.  ( 24 min )

U.S. stock markets were looking to rebound on Wednesday after losses the previous day, with results from chipmaker Nvidia taking center stage. Dow Jones Industrial Average futures were up 110 points, or 0.3%, early on Wednesday. S&P 500 futures were up 0.5% and Nasdaq 100 futures were climbing 0.7%  ( 11 min )

Investors are wagering that the furious rally in Nvidia shares will continue after Wednesday’s earnings report.  ( 28 min )

(Bloomberg) -- Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure to the precious metal in the coming twelve months.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Fail to Catch a Bid Before Nvidia’s Results: Markets WrapBulli  ( 32 min )

Global investors have been offloading China’s flagship stocks in a record-selling streak, showing even the nation’s industry leaders are falling out of favour amid concerns for the economy.  ( 31 min )

Money-market funds and Treasury bills are offering competition for high-dividend stocks with short-term rates above 5%, but they aren't the only game in town.  ( 26 min )

(Bloomberg) -- Global investors have been shedding China’s blue-chip stocks in what’s been a record-selling streak, showing even the nation’s industry leaders are falling out of favor as a rout deepens. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Fail to Catch a Bid Before Nvidia’s Results: Markets WrapForeign i  ( 32 min )

Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. Nvidia shares have tripled in 2023, underscoring how a rebound in megacap stocks and excitement over the business potential of artificial intelligence have helped propel the S&P 500 to a 14% gain this year. The chipmaker’s year-to-date increase has led gains among the so-called Magnificent Seven group of megacap stocks, which also include Apple and Microsoft.  ( 33 min )

Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped as all other top 10 non-stablecoin tokens traded flat to lower.  ( 32 min )

Private equity firm Roark Capital is in the lead to acquire sandwich chain Subway for well over $9 billion after attaching conditions to some of the windfall the two families that own it will get, people familiar with the matter said on Tuesday. These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources said. For the full price to be paid, Subway's cash flow would need to reach certain milestones over a specified period after the deal closes, the sources added.  ( 32 min )

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The S&P 500 gained 1.1% on Wednesday, Aug. 23, 2023, as tech stocks surged and Treasury yields dipped.  ( 1 min )

U.S. equity markets gained in midday trading on Wednesday, Aug. 23, 2023 as tech stocks rallied ahead of a key earnings report from Nvidia that could offer insight on the state of the AI industry.  ( 1 min )

Nvidia shares moved higher ahead of its earnings report and AMC shares dove as it prepares to convert preferred equity shares and execute a reverse stock split. Here’s what investors need to know today.  ( 1 min )

Nederlandse huishoudens en bedrijven verbruikten in de eerste helft van dit jaar 15,7 miljard kuub gas. Dat is ruim een derde minder dan in dezelfde periode twee jaar eerder. Ook in vergelijking met vorig jaar is sprake van een flinke daling: een min van 13 procent.  ( 3 min )

Als het demissionaire kabinet niet ingrijpt, betalen automobilisten in 2024 fors meer aan de pomp. De accijnzen stijgen en worden ook aangepast aan de inflatie. Een liter benzine kost dan straks 21 cent extra en een liter diesel 13 cent.  ( 3 min )

De huizenprijzen stijgen weer, bleek dinsdag uit cijfers van statistiekbureau CBS en het Kadaster. De prijs van een koophuis was in juli gemiddeld 0,5 procent hoger dan een maand eerder. Wat betekent dat voor starters op de woningmarkt?  ( 4 min )

Getir is straks in minder Nederlandse steden beschikbaar. Het boodschappenbezorgbedrijf stopt in Breda, Delft, Eindhoven, Groningen, Leiden en Tilburg. Verder wordt een deel van de locaties in Amsterdam gesloten. Het Turkse bedrijf kondigde eerder al krimpplannen in andere landen aan.  ( 3 min )

De huizenprijzen stijgen weer, bleek dinsdag uit cijfers van statistiekbureau CBS en het Kadaster. De prijs van een koophuis was in juli gemiddeld 0,5 procent hoger dan een maand eerder. Wat betekent dat voor starters op de woningmarkt?  ( 4 min )

Vluchten van reisorganisatie Corendon naar Curaçao krijgen vanaf november een kindvrije zone. Volwassenen die geluidsoverlast van kinderen willen mijden kunnen terecht in een afgeschermde ruimte voor in het vliegtuig. Eerder konden toeristen al hotels zonder kinderen boeken.  ( 4 min )

De zogenoemde BRICS-landen onderzoeken de invoering van een gezamenlijke munt voor onderlinge handel. De Braziliaanse president Luiz Inácio Lula da Silva hield daar op een top een pleidooi voor. Het doel is om minder afhankelijk te worden van de Amerikaanse dollar.  ( 4 min )

India mag zich het vierde land ter wereld noemen dat succesvol op de maan is geland. De Indiase maanlander landde woensdag iets na 14.30 uur op de zuidpool van de maan.  ( 4 min )

De Belastingdienst heeft onterecht onderzoek gedaan naar mogelijk gesjoemel met giften aan de Haagse As-Soennah-moskee, schrijft NRC woensdag. De rechter kan niet uitsluiten dat de fiscus heeft gediscrimineerd.  ( 4 min )

Toen VanMoof vorige maand failliet ging, had de fietsenfabrikant een schuld van 143,8 miljoen euro. Dat bevestigt curator Jan Padberg na berichtgeving van het FD. De schuld is fors hoger dan de jaaromzet, die in 2021 op ongeveer 80 miljoen euro uitkwam.  ( 4 min )

De eerste Russische maanlandingsmissie in 47 jaar is afgelopen weekend mislukt. Jullie vroegen op ons NUjij-reactieplatform waarom maanlandingen ondanks ruim vijftig jaar ervaring toch mis blijven gaan. Ruimtevaart is en blijft een groot experiment, zegt een expert.  ( 4 min )

Toen VanMoof vorige maand failliet ging, had de fietsenfabrikant een schuld van 143,8 miljoen euro. Dat bevestigt curator Jan Padberg na berichtgeving van het FD. De schuld is fors hoger dan de jaaromzet, die in 2021 op ongeveer 80 miljoen euro uitkwam.  ( 4 min )

Sinds de kredietcrisis zijn we elk jaar meer in de winkel gaan kopen, maar in 2023 komt daar waarschijnlijk verandering in. Door de inflatie houdt de consument de hand op de knip, waardoor de winkelverkopen volgens ING 2 procent lager uitvallen: de eerste daling in tien jaar.  ( 3 min )

India doet woensdagmiddag een nieuwe poging om een maanrover op de maan te laten landen. Als dat lukt, is India het vierde land ooit dat hierin slaagt. Het is eerder alleen de voormalige Sovjet-Unie, de Verenigde Staten en China gelukt.  ( 4 min )

De Gasunie breidt haar lng-terminal in de Rotterdamse haven verder uit. Dit moet ervoor zorgen dat ons land meer lng (vloeibaar aardgas) kan invoeren. Lng wordt gezien als een belangrijke vervanger van Russisch aardgas.  ( 3 min )

De Belgische farmaceut Janssen is van plan zijn afdeling voor vaccinontwikkeling in Leiden te sluiten. Daardoor staan er mogelijk banen op de tocht, al is niet duidelijk om hoeveel arbeidsplaatsen het gaat. Dat heeft het bedrijf bevestigd na berichtgeving van De Telegraaf.  ( 3 min )

Singapore-based e-commerce and ride-hailing company Grab narrowed its losses and forecast a smaller loss for the year, as cost-cutting measures paid off.  ( 1 min )

Foot Locker shares plunged after the retailer reported sales fell as inflation-weary shoppers spent less on the company's apparel and footwear.  ( 1 min )

UPS workers ratified a deal worth $30 billion in wage increases and other benefits, ending contentious negotiations and the threat of a strike.  ( 1 min )

Peloton shares tumbled after reporting a wider-than-expected loss as falling subscriber numbers and recall costs impacted its results.  ( 1 min )

The markets have been exhibiting some wobbly tendencies recently, with the strong rally seen in the first half of the year appearing to have wilted a bit under the summer sun. Fear not, however, appears to be the advice of one prominent stock picker. With US inflation falling to 3% recently compared to last summer’s 9%, and with GDP growth in the last quarter coming in at 2.4%, famous value investor Bill Miller, whose net worth is valued at $1.4 billion, thinks the rest of the year looks pretty  ( 34 min )

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The first commercial production of graphite in North America could be just 12 months away, a moment that will transform global electric vehicle supply chains forever.  ( 41 min )

(Bloomberg) -- In a remote, dusty corner of New Mexico, so near to the Texas border that if you wander too close your smartphone changes time zones, sits a pristine factory that is the best chance for the US to wean itself off an addiction that few knew it had: uranium enriched in Russia.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office F  ( 37 min )

(Bloomberg) -- Vanguard Group has famously stood apart in the money-management world with its popular mutual funds offering the liquid ETF wrapper.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekStocks Fail to Catch a Bid Before Nvidia’s Results: Markets WrapBorrowers With $39 Billion in Student Loans Finally See ReliefN  ( 31 min )

CD rates are still rising—and have set a record in every term—according to newly released national averages from the FDIC. How much longer will this party last?  ( 19 min )

Today's best CD rate is a 5.85% jumbo option from One American Bank. For smaller deposits, the top rate is 5.75% from either Abound Credit Union or MapleMark Bank.  ( 21 min )

The contract electronics manufacturer stock is on pace for a new closing high.  ( 27 min )

Shares of electric-vehicle start-up VinFast are surging. The newly public company is worth more than Ford Motor and General Motors.  ( 26 min )

Investors in acquired oil companies are being rewarded with the promise of steady cash flows and dividends over time, instead of hats full of cash.  ( 26 min )

The favorable vote on a new contract with the logistics company is good news for a variety of businesses.  ( 27 min )

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The new plan improves on an earlier income-driven repayment plan by lowering monthly payments, providing faster forgiveness for some, and preventing balances from growing due to unpaid interest.  ( 33 min )

J&J holders who participated in the exchange offer can choose which J&J shares they want to use for their cost basis in Kenvue.  ( 26 min )

Billionaire philanthropist George Soros, while polarizing, has made some of the most successful trades in history. His fund has averaged a roughly 30% yearly return since inception. Soros made bets on Tesla Inc. as early as 2018 and ventured into cryptocurrency the same year. According to the billionaire's latest 13F filings, he is making other interesting bets going into the second half of 2023. See more on startup investing from Benzinga: Until 2016 it was illegal for retail investors to inves  ( 31 min )

The move is effective Wednesday and is the result of embattled Philadelphia bank failing to file its 2022 annual report.  ( 12 min )

(Bloomberg) -- Foreign investors are selling short-dated Treasuries, which suggests there’s more room for yields to rise as some buyers step back from paper that’s considered expensive. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateHong Kong Investor Starts Property Fire Sale After Wife ArrestedThere’s been renewed selling in the less-tha  ( 31 min )

Nearly everyone realizes demand for the company's artificial intelligence chips will likely outstrip supply for a while.  ( 26 min )

Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed. Nvidia options imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade Alert data. A move of that magnitude would be larger than the 8.6% average swing on the day after the chipmaker's results over the last eight quarters, but still well below the 24.4% jump after the last earnings report.  ( 31 min )

(Bloomberg) -- Charles Schwab Corp. is looking to raise fresh debt in the US investment-grade bond market, after revealing plans to cut jobs and close or downsize offices to curb costs. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesThe financial services firm brought a benchm  ( 31 min )

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The race to space exploration has been heating up, with Elon Musk's SpaceX making significant strides in the sector. The private company is valued at approximately $150 billion after a recent share sale by investors. Musk is speculated to own roughly 44% of the company. The company reached an agreement with both new and existing investors to offer up to $750 million in stock from insiders at a price of $81 per share last month, valuing it at approximately $140 billion, according to a document se  ( 33 min )

Leading economists say the threat of recession has passed, but there's a lot of reasons to think the worst is yet to come.  ( 36 min )

In the latest volatile session since its backdoor listing last week, VinFast's stock was last up 127% at $40.24, giving it a market capitalization of $95 billion. Last Tuesday, the cash-burning company soared as it started trading on the U.S. stock market with an opening price of $22 following its tie-up with SPAC partner Black Spade Acquisition. With 99% of the EV firm controlled by founder Pham Nhat Vuong, the tiny amount of publicly available shares has made the stock prone to volatility.  ( 31 min )

The stock is down about 32% this year, and fell again on Tuesday after Schwab outlined plans to rein in expenses.  ( 26 min )

Rates on 30-year mortgages jumped almost a tenth of a point, setting a new 21-year high average. Rates on most other loan types were essentially flat.  ( 22 min )

The move follows the company's recent announcement that it plans to acquire Crestwood Equity Partners in a $7.1 billion deal.  ( 9 min )

There's a rush into Nvidia options ahead of the chip maker's earnings tomorrow, with many traders eyeing trades that would profit if the shares kept soaring. Some of the most popular trades early Tuesday are calls tied to the shares jumping to $500 or even $700, Cboe Global Markets data show. Calls  ( 21 min )

(Bloomberg) -- President Vladimir Putin demanded steps to control the outflow of capital from Russia and to reduce volatility in financial markets, warning of the threat from rising prices following the slump in the ruble.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Fail to Catch a Bid Before Nvidia’s Results: Ma  ( 31 min )

3M announced three leadership changes Tuesday as it prepares to spin off its health care division into an independent company.  ( 11 min )

Shares of VinFast jumped roughly 88% on Tuesday, continuing a streak of big swings in trading since the electric-vehicle stock debuted on the Nasdaq last week. VinFast more than tripled in its public debut, then fell for three straight sessions. The stock is still up more than 200% since VinFast's  ( 21 min )

A new plan to trim expenses has Charles Schwab shares selling off. The stock is down 4% on Tuesday morning, after the brokerage firm said Monday it aims to save $500 million annually by [reducing its office space and trimming headcount](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-  ( 22 min )

Shares of electric-vehicle start-up VinFast are surging. The newly public company is worth more than Ford Motor and General Motors.  ( 26 min )

A new breed of overemployed workers has emerged, turning to artificial intelligence (AI)-powered language models like ChatGPT to handle a significant portion of their job responsibilities. "ChatGPT does like 80% of my job," stated one worker, while another, currently holding down four robot-performed jobs, says, "Five would be overkill." As the popularity of AI-powered tools like ChatGPT continues to soar, concerns are growing about the impact on the global job market. With the potential for job  ( 33 min )

(Bloomberg) -- While higher interest rates can juice profits for a slew of lenders, a senior TD Securities strategist warns that the relentless jump in borrowing costs threatens to create fresh problems for the banking sector. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateHong Kong Investor Starts Property Fire Sale After Wife ArrestedThe  ( 31 min )

The materials company named a CEO for its healthcare business and added some responsibilities for its CFO.  ( 27 min )

Move to cut the lenders' credit rating comes only weeks after Moody's slashed its ratings on several banks.  ( 33 min )

Nvidia earnings have the potential to keep the tech rally going, but investors shouldn't forget the markets mantra: Don't fight the Fed.  ( 27 min )

Nvidia stock is selling off on Tuesday, but the recent rally in shares ahead of Wednesday’s earnings shows that investors are still pretty enthusiastic. The stock is up 6.8% since Aug. 16, according to FactSet. If that holds up through tomorrow’s close, it will be the second-strongest rally in the  ( 22 min )

Riding the wave of positive economic developments in 2023, investors have significantly increased their exposure to the stock market this year. The evidence is in the data, as pointed out by Goldman Sachs’ Chief US Equity Strategist, David Kostin. The investment firm’s US Equity Sentiment Indicator rebounded from -1.8 in December to +1.5 in July. However, during August, the bears have been trying to regain a foothold, and over the past week, that metric has fallen to +0.8. Now, Kostin says that  ( 34 min )

United States Steel Corp. CEO David B. Burritt sent a letter to employees Tuesday, thanking them for staying focused as the board of directors and upper management consider offers to sell the company.  ( 10 min )

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Retail crime weighed on Dick's Sporting Goods profits in the second quarter and has the retailer lowering its outlook for the full-year.  ( 34 min )

Broadcom, Inc. (AVGO) shares have jumped 54% in 2023. This uptrend is being powered by mega appetite for the stock.  ( 31 min )

Francisco Partners has agreed to acquire The Weather Company assets, including the popular Weather.com platform, from International Business Machines.  ( 25 min )

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The agency lowered ratings for several mid sized banks in a new reminder of the challenges facing the industry.  ( 33 min )

3M in July disclosed plans to spin off its healthcare business into a listed company, in which 3M would retain a stake of 19.9%. Hanson would join 3M on Sept. 1 as CEO of Health Care Business Group, the company said.  ( 31 min )

Arm Holdings is preparing for its IPO and the model for its success will be Nvidia - an AI chip favorite. But there are potential concerns about Arm's exposure to China and the smartphone market, warn analysts.  ( 27 min )

The bulls on Nvidia should keep something in mind: product availability.  ( 33 min )

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Baidu, Inc (NASDAQ: BIDU) reported a second-quarter FY23 revenue growth of 15% year-on-year to $4.697 billion, beating the consensus of $4.570 billion. Baidu's Non-GAAP earnings per ADS of $3.11 beat the consensus of $2.32. Segments: Baidu's Core revenue increased 14% Y/Y to $3.64 billion; Online marketing revenue improved 15% Y/Y to $2.71 billion. Non-online marketing revenue grew 12% Y/Y to $937 million, driven by cloud and other AI-powered businesses. Revenue from IQIYI, Inc (NASDAQ: IQ) incr  ( 31 min )

Macy's may have beat estimates, but it's taking a cautious outlook for the rest of the year.  ( 33 min )

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Macy’s swung to a loss and reported a sales decline in the second quarter as worries about inflation continue to make shoppers pull back on clothing and other discretionary purchases. Macy's reaffirmed its annual sales and profits forecasts, noting uncertainty about the economy in the second half. Macy’s is one of the last remaining retailers to report second-quarter results in an earnings season that shows how still high inflation, despite some easing, is forcing shoppers to continue to cut back on discretionary items like clothing in order to afford their larger grocery bills.  ( 32 min )

A restructured proposal from the tech giant would transfer streaming rights for all Activision games over the next 15 years to Ubisoft.  ( 33 min )

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A growing number of workers report that their primary source of retirement income will come from their 401(k) workplace savings plan, according to a new retirement study from Schwab. In 2022, workers said 37% of their retirement money would come from 401(k) cash. That figure has now risen to 40% of workers. Consider working with […] The post You May Need to Rethink Where Your Retirement Income Will Come From appeared first on SmartReads by SmartAsset.  ( 32 min )

The company reports earnings per share of $4.56 in the quarter, beating FactSet expectations for $4.47.  ( 26 min )

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Rising hopes of Nvidia's revenue target once again surpassing Wall Street estimates have fueled a 16.5% surge in shares over the past week. Wall Street expects Nvidia, which dominates the market for chips used to power generative AI like ChatGPT and many such services, to forecast 110% growth in third-quarter revenue to $12.50 billion when it reports results on Wednesday. Nvidia's blowout forecast last quarter had also sparked a rally in AI-stocks as well as Big Tech, making it one of the key drivers for the U.S. stocks rally this year.  ( 31 min )

Baidu said second-quarter net profit climbed, thanks to growth in online-marketing and video-streaming services.  ( 26 min )

Dara Khosrowshahi took to the streets of San Francisco to give passengers rides and deliver Uber Eats orders.  ( 33 min )

The stock market has been pressured by the bond market of late. And an oft-overlooked part of the Treasury market could be fueling the move.  ( 31 min )

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As part of the deal, Microsoft would sell the non-European streaming rights to Activision games to Ubisoft.  ( 26 min )

Strong results at Baidu cut through macroeconomic concerns over China that have recently weighed on the country's stocks.  ( 27 min )

Companies are disclosing the impacts of the 1% tax on share repurchases.  ( 26 min )

Investors are wagering that the furious rally in Nvidia shares will continue after Wednesday’s earnings report.  ( 27 min )

(Bloomberg) -- Baidu Inc.’s revenue rose its most in more than a year, joining China’s largest internet companies in rediscovering growth after Beijing relaxed its grip on the private sector to try and jumpstart a faltering economy.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ Clima  ( 33 min )

(Bloomberg) -- Chinese stocks staged a sudden rally late on Tuesday, with several traders attributing the rebound to technical reasons in the absence of any fresh triggers.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateIn Hong Kong, the Hang Seng Index climbed nearly 2% within  ( 31 min )

Housing affordability, as monitored by the Atlanta Fed, has already deteriorated beyond the levels seen at the housing bubble's peak in 2006.  ( 32 min )

(Bloomberg) -- China is extending two lines of currency defense to support the yuan, pushing up funding costs in the offshore market and battling back once more with a stronger-than-expected reference rate for the managed currency.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesTech Storms Back as Nvidia’s 8% Jump Fuels AI Bets: Marke  ( 30 min )

(Bloomberg) -- Two weeks after Moody’s Investors Service rattled financial stocks by cutting the ratings for a slew of US banks, S&P Global Ratings is downgrading and dimming its outlook for several more — citing a similar mix of pressures making life “tough” for lenders.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapQuant Trader Doub  ( 30 min )

S&P downgraded the ratings of Associated Banc-Corp and Valley National Bancorp on funding risks and a higher reliance on brokered deposits. It also downgraded UMB Financial Corp, Comerica Bank and Keycorp, citing large deposit outflows and prevailing higher interest rates. A sharp rise in interest rates is weighing on many U.S. banks' funding and liquidity, S&P said in a summarized note, adding that deposits held by Federal Deposit Insurance Corp (FDIC)-insured banks will continue to decline as long as the Federal Reserve is "quantitatively tightening."  ( 31 min )

(Reuters) -Gold prices firmed above recent lows on Tuesday, with the non-yielding asset holding ground despite U.S. Treasury yields powering to nearly 16-year highs as investors look ahead to central bankers' meeting this week for clues on interest rates. "Potential buyers have been waiting to see how far gold could fall, and this could be the beginnings of their re-entering the market in force," said Clifford Bennett, chief economist at ACY Securities. Any correction in the U.S. dollar from recent highs could immediately ignite a strong gold market rally, he said.  ( 31 min )

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(Bloomberg) -- A top-performing Chinese macro hedge fund blamed global capital for sinking the country’s stocks to the lowest levels since November.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateForeign funds are primary drivers of Chinese stocks’ recent selloff, said Li Bei,  ( 32 min )

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(Bloomberg) -- BHP Group Ltd., the world’s biggest miner, reported a 37% decline in full-year profit, missing analysts’ forecasts, as China’s struggling economy weighed on demand for iron ore and other commodities.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnUnderlying at  ( 31 min )

After-tax basis is used to compare the net after-tax returns on taxable and tax-exempt bonds to gauge which had a higher yield.  ( 19 min )

Underwriting expenses consist of a wide range of costs and expenditures associated with underwriting activity.  ( 18 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.  ( 18 min )

CD rates are still rising—and have set a record in every term—according to newly released national averages from the FDIC. How much longer will this party last?  ( 17 min )

Today's best CD rate is a 5.85% jumbo option from One American Bank. For smaller deposits, the top rate is 5.75% from either Abound Credit Union or MapleMark Bank.  ( 19 min )

With rising interest rate,s a CD can be a good place to stash funds. Compare CD rates and terms from Santander Bank and find the best CD account for your savings goals.  ( 20 min )

If you’re interested in opening a new certificate of deposit (CD) account, Schwab offers a simple brokered CD with attractive rates. Here’s what to know about Schwab CD APYs, terms, and features.  ( 21 min )

The S&P 500 dipped 0.3% on Tuesday, Aug. 22, 2023, dragged down by weakness in the banking sector following S&P's downgrade of several lenders.  ( 17 min )

Visa is a major card network but doesn't issue credit cards itself. Cards with the Visa brand include credit, debit, prepaid, and gift cards.  ( 23 min )

Your debt-to-limit ratio compares your outstanding debt to your available credit and is an important factor in your credit score.  ( 23 min )

U.S. Bank CD rates are relatively high if you can meet a higher deposit requirement, but some options are unappealing. Existing customers can get personalized rates.  ( 21 min )

Credit cards can no longer charge dormancy or inactivity fees, but other types of cards and financial accounts still can.  ( 24 min )

A leveraged loan is one that is extended to companies or individuals that already have considerable amounts of debt or a poor credit history.  ( 22 min )

Older adults are growing more fearful that the Social Security program will run dry, a fear that has some basis in reality, but which may or may not come true.  ( 18 min )

American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.  ( 21 min )

In November 2022, Coinbase began migrating customer accounts from Coinbase Pro to Coinbase Advanced Trade. Find out what this means for new and existing users.  ( 17 min )

A financial plan is a document detailing a person’s current money situation and long-term monetary goals, as well as strategies to achieve them.  ( 25 min )

Add this to the many ways that we all could end up paying for the effects of climate change: The U.S. and other countries could see their credit ratings tumble, making their debts harder to pay off.  ( 17 min )

Uniswap (UNI) is a cryptocurrency and decentralized exchange for trading digital assets. UNI holders can earn rewards and participate in governance.  ( 22 min )

A convertible insurance policy allows the insured to convert a term policy to a permanent policy at a later date.  ( 20 min )

Personal loan rates jumped this week to 20.87%, adding 28 basis points since last week when the average personal loan rate sat at 20.59%.  ( 18 min )

Pet insurance can help you save on veterinary care. Learn how pre-existing condition exclusions apply when purchasing pet insurance coverage.  ( 21 min )

The Federal Trade Commission (FTC) recently uncovered a scam targeting student loan borrowers that made $8.8 million by promising debt relief.  ( 17 min )

Tech giant IBM has agreed to a deal with investment firm Francisco Partners for its holdings in The Weather Company.  ( 17 min )

Understand the differences between inflation and deflation, their effects on economies and consumers, and why economies frequently teeter between the two.  ( 23 min )

If you can, take advantage of a little-known tax break and front-load your 529 plan to maximize the effect of compounding.  ( 24 min )

Moving out into your first rental is a big step, so be financially prepared.  ( 21 min )

Crypto winter is a period of lower cryptocurrency prices compared to prior highs. This is similar to a bear market in the stock market.  ( 21 min )

These successful women entrepreneurs have built global brands and fortunes through their own hard work and strong drive.  ( 25 min )

Your 529 plan will cover the same qualified education expenses when you study abroad as it does in the United States.  ( 22 min )

Bank of America is the latest credit card issuer to offer benefits to electric vehicle (EV) owners with its rewards program.  ( 17 min )

DICK's reported a 13% decline in EPS and a drop in gross margin, attributable in part to the growing problem of inventory shrinkage across the retail industry.  ( 17 min )

More U.S. banks have been hit with credit rating downgrades, the latest development that threatens to make borrowing even more difficult for businesses and individuals.  ( 18 min )

Rates on 30-year mortgages jumped almost a tenth of a point, setting a new 21-year high average. Rates on most other loan types were essentially flat.  ( 22 min )

U.S. equity markets were mixed in midday trading on Tuesday, Aug. 22, 2023 as bank stocks lost ground after S&P downgraded several U.S. banks.  ( 16 min )

Existing home sales fell more than estimated in July, dropping by 2.2% to 4.07 million at an annualized rate, according to a report out Tuesday.  ( 16 min )

A country's balance of trade can affect its exchange rate when trade surpluses or trade deficits influence the supply of or demand for the country's currency.  ( 20 min )

MACOM agreed to buy Wolfspeed's radio frequency for $125 million, in a move that the companies say could help MACOM boost its earnings and Wolfspeed better focus on its silicon carbide power device and material businesses.  ( 17 min )

Certificates of deposit (CDs) can be a great, conservative way to invest your money. Edward Jones is worth considering for its competitive CD rates at a variety of term lengths.  ( 21 min )

Your 529 plan withdrawals that aren’t used for qualified education expenses can be subject to tax and a 10% penalty. Here’s how to avoid that penalty.  ( 25 min )

The rule of 72 is a mathematical shortcut used to predict when a population, investment, or other category will double in size for a given rate of growth.  ( 20 min )

Lowe's, one of America's biggest home improvement retailers, said sales fell less than expected as robust spending online and by home professionals helped offset lower DIY discretionary demand.  ( 17 min )

Although imperfect, these leading economic indicators can help investors predict and react to where the market is headed.  ( 25 min )

A focus list is a list of recommended stocks published by an investment firm's research department. It's typically a short list of their best trade ideas.  ( 19 min )

Personal loans are flexible and can be used for many purposes. However, there are some risks involved with using personal loans.  ( 24 min )

While there are several kinds of personal loans that are easy to get approved for, these tend to be more costly than a traditional personal loan.  ( 24 min )

Chinese e-commerce company Baidu reported revenue 15% higher, beating analysts' estimates, while its automated taxi service grew.  ( 16 min )

Microsoft said it would transfer the cloud streaming rights of Activision's games to French rival Ubisoft to convince U.K. regulators to allow Microsoft's acquisition of Activision.  ( 17 min )

Review 10 key economic indicators for the U.S. economy and learn about each one. Find out what they indicate and how to interpret them.  ( 24 min )

The producer price index is a monthly measure of change in the prices received by domestic producers.  ( 26 min )

The highest and lowest unemployment rates in the world vary dramatically, even among the world's largest economies, and low unemployment doesn't mean wealth.  ( 25 min )

Retail sales tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time.  ( 25 min )

Form 1099-NEC is an Internal Revenue Service (IRS) form for businesses to report payments made to nonemployees, such as independent contractors.  ( 21 min )

Core retail sales is an economic indicator of the strength of retail in the U.S. It excludes certain highly volatile categories such as gasoline.  ( 22 min )

Microsoft submitted a new proposal to U.K. regulators for its stalled acquisition of Activision Blizzard, and Zoom shares rose after the video conferencing provider beat earnings projections on strength in its enterprise business. Here’s what investors need to know today.  ( 19 min )

Cyclical unemployment and structural unemployment differ greatly. Here we describe how different types of unemployment impact workers and the economy.  ( 36 min )

Learn about two competing economic theories of the role of money supply and whether money supply causes inflation in the economy.  ( 23 min )

CDs offer a conservative investment for a set number of months or years. Marcus offers competitive CD rates on a variety of terms.  ( 19 min )

A CD can be a smart way to set aside cash. Learn about PNC Bank’s CD rates, the ins and outs of opening one, and how these CDs compare with select competitors.  ( 20 min )

You may know Sallie Mae as the bank that services your student loan, but it also offers other banking products, like CDs. Learn more about Sallie Mae’s CD rates.  ( 20 min )

If you want to put some money away for savings, Synchrony Bank’s CD accounts have some of the most competitive rates on the market. See if Synchrony’s CD is the right fit for you.  ( 22 min )

Looking for the latest TD Bank CD rates? Our guide covers the current rates, term lengths, and minimum deposit requirements, helping you make an informed decision.  ( 21 min )

Wells Fargo CD rates are tiered for most of their terms and require a relatively high minimum deposit. Here's what to know before you open a CD with the bank.  ( 20 min )

With a minimum deposit and a guaranteed return, certificates of deposit (CDs) can be a viable investment. See what Navy Federal CD rates have to offer.  ( 23 min )

There are countless CD options, and it can be hard to choose. Gain a thorough understanding of Bank of America’s CD rates to make a well-informed decision about opening an account.  ( 22 min )

The S&P 500 dipped 0.3% on Tuesday, Aug. 22, 2023, dragged down by weakness in the banking sector following S&P's downgrade of several lenders.  ( 1 min )

U.S. equity markets were mixed in midday trading on Tuesday, Aug. 22, 2023 as bank stocks lost ground after S&P downgraded several U.S. banks.  ( 1 min )

Microsoft submitted a new proposal to U.K. regulators for its stalled acquisition of Activision Blizzard, and Zoom shares rose after the video conferencing provider beat earnings projections on strength in its enterprise business. Here’s what investors need to know today.  ( 1 min )

De Groningse economie is in de maanden april, mei en juni flink gekrompen. Dat komt door de afbouw van de gaswinning in de provincie.  ( 3 min )

Na Vattenfall kondigt ook energiemaatschappij Essent lagere energietarieven voor klanten met een variabel energiecontract aan. Hoewel Essent minder vraagt voor stroom en gas, moedigt het bedrijf klanten nog wel aan zuinig aan te doen.  ( 4 min )

Toezichthouder ACM gaat ervoor zorgen dat leveranciers van stadsverwarming geen torenhoge winsten kunnen maken. Dat moet voorkomen dat gebruikers van stadsverwarming te veel betalen voor hun energie.  ( 3 min )

Big Bazar heeft ook verstek laten gaan bij een rechtszaak die is aangespannen door twee verhuurders in Drenthe. Dat gebeurde eerder ook al in Alkmaar. Toen zei de winkelketen dat het om een fout in de agenda ging.  ( 4 min )

Schepen die door het Panamakanaal willen varen, moeten steeds langer wachten. Door de droogte en lage waterstanden in Panama is een grote opstopping ontstaan. De wachttijd voor schepen loopt flink op.  ( 3 min )

Schiphol heeft in juli iets meer dan zes miljoen reizigers verwerkt. Het was voor het eerst sinds oktober 2019 dat het maandelijkse aantal reizigers boven de zes miljoen uitkwam. Wel zijn het er nog beduidend minder dan in juli 2019.  ( 3 min )

Nederlandse particulieren pakten vorig kwartaal gemiddeld 3,2 procent rendement op hun beleggingen. Dan gaat het om investeringen in aandelen, obligaties en beleggingsfondsen.  ( 3 min )

De top van het Britse bedrijfsleven zag zijn beloning vorig jaar met gemiddeld 600.000 euro stijgen naar 4,6 miljoen euro (3,9 miljoen pond). Ook de Nederlandse ex-Shell-topman Ben van Beurden boerde goed, met ongeveer 11 miljoen euro. De vergoedingen wekken irritatie bij veel Britten.  ( 4 min )

Het Turkse boodschappenbezorgbedrijf Getir gaat reorganiseren. Dat betekent dat 2.500 medewerkers van het bedrijf hun baan verliezen. Dat is ongeveer 10 procent van het personeelsbestand.  ( 3 min )

De top van het Britse bedrijfsleven zag zijn beloning vorig jaar met gemiddeld 600.000 euro stijgen naar 4,6 miljoen euro (3,9 miljoen pond). Ook de Nederlandse ex-Shell-topman Ben van Beurden boerde goed, met ongeveer 11 miljoen euro. De vergoedingen wekken irritatie bij veel Britten.  ( 4 min )

Microsoft heeft nieuwe toezeggingen gedaan om gameontwikkelaar Activision Blizzard alsnog te mogen overnemen. De Britse toezichthouder CMA blokkeerde de deal in juni, omdat de softwaregigant anders mogelijk te machtig wordt op de markt voor online games.  ( 4 min )

Nederlandse particulieren pakten vorig kwartaal gemiddeld 3,2 procent rendement op hun beleggingen. Dan gaat het om investeringen in aandelen, obligaties en beleggingsfondsen.  ( 3 min )

De Verenigde Staten hebben 27 Chinese bedrijven en organisaties van de 'zwarte lijst' gehaald. Bedrijven op die lijst hebben beperkte toegang tot Amerikaanse technologie.  ( 3 min )

Oekraïne wil de graanexport herstellen nu Rusland uit de graandeal is gestapt. Kiev is in gesprek met verzekeringsmaatschappijen die graanschepen in de Zwarte Zee kunnen dekken.  ( 3 min )

Apple rolt dinsdag zijn nieuwe dienst Tap to Pay uit in Nederland. Daarmee kunnen winkeliers van hun iPhone een pinapparaat maken.  ( 3 min )

Tech giant IBM has agreed to a deal with investment firm Francisco Partners for its holdings in The Weather Company.  ( 1 min )

More U.S. banks have been hit with credit rating downgrades, the latest development that threatens to make borrowing even more difficult for businesses and individuals.  ( 1 min )

Bank of America is the latest credit card issuer to offer benefits to electric vehicle (EV) owners with its rewards program.  ( 1 min )

MACOM agreed to buy Wolfspeed's radio frequency for $125 million, in a move that the companies say could help MACOM boost its earnings and Wolfspeed better focus on its silicon carbide power device and material businesses.  ( 1 min )

Lowe's, one of America's biggest home improvement retailers, said sales fell less than expected as robust spending online and by home professionals helped offset lower DIY discretionary demand.  ( 1 min )

Microsoft said it would transfer the cloud streaming rights of Activision's games to French rival Ubisoft to convince U.K. regulators to allow Microsoft's acquisition of Activision.  ( 1 min )

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The Charles Schwabe Corporation reported in an SEC filing Monday it plans to close or downsize some corporate offices and reduce its headcount to cut costs.  ( 31 min )

The action could lift shares of Kenvue, but Johnson & Johnson stock could come under pressure due to index selling.  ( 26 min )

(Bloomberg) -- An exchange-traded fund that aimed to track CNBC anchor Jim Cramer’s stock picks is planning to shutter just five months after launching.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnThe Long Cramer Tracker ETF (ticker LJIM) will stop trading Sept. 11, accor  ( 31 min )

Charles Schwab is spending hundreds of millions to exit facilities and cut jobs.  ( 10 min )

Facebook users in the U.S. have until Friday to apply for their share of a $725 million privacy settlement that parent company Meta agreed to pay last year.  ( 31 min )

AMC Preferred Equity units, also known as APES, will no longer be traded on Aug. 25, and will instead be converted to common stock.  ( 26 min )

States with many workers without retirement savings are likely to face a spike in senior poverty, researchers say.  ( 30 min )

The yield on a 10-year government bond is at 4.34%, its highest level since 2007. The 30-year, at 4.445%, was at its highest level since 2011.  ( 26 min )

Shares of chipmaker Nvidia were up Monday after HSBC analysts lifted the chipmaker’s price target on an increasing sales forecast for fiscal 2024.  ( 31 min )

Carrier American Airlines struck a new four-year contract that immediately raises pay by 21% and adds additional benefits, including changes in scheduling.  ( 27 min )

Grant Cardone, a renowned sales trainer, speaker and entrepreneur with an estimated net worth of $600 million, recently took to X, formerly Twitter, to raise a thought-provoking question: "Can someone explain to me how public servants (politicians) are becoming multimillionaires on $100,000 salaries?" While the message did not specify which public servants he was referring to, it is presumed that Cardone’s remarks were primarily aimed at members of the U.S. Congress. See more on startup investin  ( 32 min )

Zoom stock popped by more than 6% following earnings results.  ( 32 min )

Today's best CD rates are 5.75% APY from MapleMark Bank for 1 year, 5.65% APY from Dow Credit Union for 3 months, and 5.56% APY from TotalDirectBank.  ( 21 min )

Who will end up acquiring U.S. Steel? One analyst thinks the road for a successful buyer runs, in part, through United Steelworkers.  ( 10 min )

J.D. Power found that 51% of Americans can’t pay off their entire balance each month and instead let it revolve to the next month.  ( 33 min )

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The yield on a 10-year government bond is at 4.34%, its highest level since 2007. The 30-year, at 4.445%, was at its highest level since 2011.  ( 26 min )

At least four lawsuits have been filed against the utility in connection with the wildfires that devastated Maui.  ( 27 min )

Everyone has their crystal ball out, trying to figure out where stocks are going. The market’s recent performance is no guide – stocks rose sharply through most of this year, but this August has seen several weeks of consecutive declines. Looking forward, both the bulls and bears can present solid arguments. Marko Kolanovic, J.P. Morgan’s Chief Global Market Strategist, sides with the latter, as he believes the market is on the verge of a downturn. Kolanovic notes that US households built up mor  ( 35 min )

China is facing a “downward economic spiral” amid a mounting crisis in its debt-laden property sector, analysts have warned.  ( 32 min )

Stocks are looking to bounce back from a brutal August for investors so far.  ( 32 min )

American Airlines pilots have approved a new contract that will raise their pay about 41% over four years, their union said Monday. The Allied Pilots Association said that 73% of pilots who took part voted in favor of the four-year contract, which it valued at $9.6 billion. “This contract is a big first step toward restoring the wages, benefits, and work rules that were lost during the past two decades while our profession was under continuous assault," said union President Ed Sicher.  ( 31 min )

With the late Steve Jobs and Steve Wozniak, Apple Inc.'s co-founders, dominating the tech world for decades, it’s easy to overlook the vital role played by a lesser-known figure: Mike Markkula. While Jobs and Wozniak captured the limelight, Markkula’s contributions to Apple's success were no less significant. From angel investor to CEO and chairman, Markkula’s journey with Apple showcased his belief in the power of personal computers. See more on startup investing from Benzinga: Until 2016 it wa  ( 33 min )

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Gasoline in California is at a 2023 high. Here's why  ( 33 min )

(Bloomberg) -- The government has issued an eye-watering $1 trillion in Treasury bills since the debt-ceiling was suspended in early June. So far, the market hasn’t batted an eye.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Double Down on a Bet Gone BadCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnBig Tech Powers Stock Gains as Nasdaq 100 Rises 1%: Markets WrapFor all the concerns about whether the market wo  ( 31 min )

AMC Preferred Equity units, also known as APES, will no longer be traded on Aug. 25, and will instead be converted to common stock.  ( 26 min )

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SentinelOne Inc, a cybersecurity company with a market value of $4.2 billion, has been exploring options that could include a sale, according to people familiar with the matter. It had benefited from a bonanza in technology spending during the COVID-19 pandemic, fueled by remote work, which fizzled as companies slashed their information technology budgets as the economy slowed. SentinelOne has hired investment bank Qatalyst Partners to advise on discussions with potential acquirers, including private equity firms, the sources said.  ( 32 min )

Wall Street Journal Mark Vs. Elon: Meta's Threads Prepares To Counter Musk's X With Web Version Meta Platforms Inc (NASDAQ: META) is gearing up to launch a desktop version of its microblogging application, Threads. The anticipated web version seeks to address a significant request from its user base and comes as a notable upgrade to its rivalry against Elon Musk's X. After Meta's initial release of Threads in July, it witnessed a surge in popularity, but its momentum has noticeably slowed recent  ( 35 min )

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(Bloomberg) -- Nvidia Corp. shares climbed as much as 5.4% on Monday, as more analysts raised their price targets on the stock, a sign of growing optimism about the chipmaker’s highly anticipated results later this week.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Double Down on a Bet Gone BadCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnBond Slide Takes Wind Out of Stocks Amid Fed Angst: Markets WrapThe ave  ( 32 min )

Stocks are looking to bounce back from a brutal August for investors so far.  ( 32 min )

The U.S. housing market has been under pressure as a result of substantial interest rate hikes from the Federal Reserve. But that hasn't deterred legendary investor Warren Buffett from placing big bets in the sector. In its latest 13F filing with the Securities and Exchange Commission, Buffett's company Berkshire Hathaway Inc. (NYSE:BRK) disclosed new stakes in three U.S. homebuilders. Investors often pay close attention to Buffett's 13F filings because of his track record of generating consiste  ( 33 min )

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Shares of FedEx and Amazon are both falling after investors learn that Amazon has restarted a third-partly logistics offering.  ( 26 min )

Germany’s “lacklustre” economy will likely stagnate again in the third quarter, the Bundesbank has said, as weak demand from abroad and high interest rates take their toll on Europe’s industrial powerhouse.  ( 44 min )

(Bloomberg) -- The yield on 10-year inflation-protected Treasuries exceeded 2% for the first time since 2009, extending its ascent from year-to-date lows near 1%.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnThe benchmark rose as much as 6 basis points to 2%, before easing a  ( 31 min )

Roark Capital is nearing a deal to buy sandwich chain Subway for about $9.6 billion, the Wall Street Journal reported on Monday.  ( 29 min )

It has been a tough year for the stock prices of Covid-19 vaccine makers, but today is a different story. Moderna shares are up 7% Monday, after a Biden administration official urged Americans to get booster shots for the disease this fall. Moderna [said in a release last week](https://investors.mo  ( 22 min )

Coming off last year’s merciless bear market year, billionaire value investor David Einhorn managed to buck the trend and steer his hedge fund Greenlight Capital to its best performance in a decade. Now, Einhorn finds himself a bit worried about what might come next. “If we were ‘bearish’ until March and ‘neutral’ through June, we would now characterize ourselves as ‘worried,’” he recently said. “Should long-term interest rates rise, either due to the strong economy or due to supply/demand issue  ( 34 min )

Stocks are looking to bounce back from a brutal August for investors so far.  ( 30 min )

Johnson & Johnson investors who elected to participate in the swap will see just 23.8% of their shares converted into Kenvue stock  ( 26 min )

The EV maker announced the sale of up to $325 million in convertible bonds. The initial tranche will bring in roughly $125 million to company coffers.  ( 26 min )

The U.K.’s Competition and Markets Authority said the deal wouldn't substantially reduce competition in the supply of server hardware components.  ( 27 min )

Analysts seem convinced that Nvidia earnings will wow Wall Street this week. Does it raise the risk of disappointment that could hit the whole stock market?  ( 27 min )

The company has been in a dispute with a group of former board members.  ( 10 min )

A decline in parcel volume and a combination of the Express and Ground units leaves the company with an excess of 700 pilots.  ( 25 min )

The selling pressure persists for Apple as concerns over the growth outlook remain in focus.  ( 33 min )

For the rest of 2023, Baird analyst Ben Kallo has six "best ideas" for investors. Tesla is one of them.  ( 27 min )

XPeng upgraded, Napco downgraded: Wall Street's top analyst calls  ( 34 min )

I am 60 years old, married, with no mortgage. We also have $1.1 million in liquid cash and $880,000 in a 401(k). I will have two pensions, which have not started yet, and my wife will have one pension, all … Continue reading → The post Ask an Advisor: I Am 60 Years Old, Have $1.1M Cash, $880K in a 401(k), Several Pensions and Social Security. Should I Retire Now? appeared first on SmartAsset Blog.  ( 34 min )

The poster child for 2023's artificial intelligence frenzy, Nvidia, reports earnings this week. The stakes are high ahead of this week's earnings report—not just for Nvidia, but for the broader market. Many analysts have [turned bullish on the stock](https://www.wsj.com/finance/stocks/the-ai-trade-  ( 22 min )

Johnson & Johnson investors who elected to participate in the swap will see just 23.8% of their shares converted into Kenvue stock  ( 26 min )

After a rare decision to announce earnings on a Friday afternoon, Palo Alto Networks' results didn't bring the bad news many had expected.  ( 33 min )

Medical Properties Trust slashed its dividend on Monday, an acknowledgement that its previous payouts had become unsustainable. The Birmingham, Ala.-based real estate investment trust, the nation’s largest hospital landlord, said it would cut its quarterly dividend per share to 15 cents from 29 cen  ( 22 min )

The Food and Drug Administration approved 8-milligram doses of Eylea, a treatment for wet age-related macular degeneration.  ( 27 min )

After weeks of historically low volatility, Bitcoin snapped back into action late last week with a dramatic selloff. More declines may be coming.  ( 26 min )

The effect of politically motivated boycott calls on consumer companies may be overblown, research suggests.  ( 27 min )

A Midland-based company that formed through a merger just under a year ago has agreed to pay $4.5 billion to acquire a Houston-area energy company that's been on an acquisition streak of its own.  ( 12 min )

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Stocks are looking to bounce back from a brutal August for investors so far.  ( 30 min )

Permian Resources plans on increasing its quarterly dividend by 20% to 6 cents a share beginning in the first quarter of 2024.  ( 26 min )

The EV maker announced the sale of up to $325 million in convertible bonds. The initial tranche will bring in roughly $125 million to company coffers.  ( 26 min )

(Bloomberg) -- A former Deutsche Bank AG trader is rapidly amassing enough wealth in the fallout from volatile interest rates and inflation to rival some of the richest billionaires in finance.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnAlex Gerko’s fortune has surged to $  ( 32 min )

(Bloomberg) -- Nikola Corp. fell in early trading after the maker of electric big rigs warned it may not reach its full-year delivery target as it grapples with fallout from recent battery incidents.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnThe company also said in a reg  ( 31 min )

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Employees who don't comply with the new rules could face termination or see their performance reviews impacted.  ( 33 min )

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The U.K.’s Competition and Markets Authority said the deal wouldn't substantially reduce competition in the supply of server hardware components.  ( 27 min )

Analysts seem convinced that Nvidia earnings will wow Wall Street this week. Does it raise the risk of disappointment that could hit the whole stock market?  ( 27 min )

Investing.com -- Shares in Johnson&Johnson (NYSE:JNJ) slipped on Monday after the American healthcare giant said it will retain about a 9.5% stake in its consumer health carve-out Kenvue (NYSE:KVUE) following a share exchange offer.  ( 31 min )

BofA Securities analyst Ming Hsun Lee upgraded XPeng stock to Buy from Hold, raising his price target to $22 from $16.30.  ( 26 min )

Goldman Sachs is weighing the sale of a part of its wealth business catering to high net worth clients, it said on Monday, as it shifts its focus back to serving the ultra-rich. The Wall Street bank is evaluating alternatives for its registered investment adviser unit, called Personal Financial Management (PFM), which manages about $29 billion, it said in a statement. Goldman bought the registered investment adviser, formerly known as United Capital Financial Partners, for $750 million in 2019 when it managed about $25 billion in funds.  ( 31 min )

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Meta Platforms is planning to launch a web version of its Threads app and Palo Alto Networks posts a stronger-than-expected billings forecast on reception of its AI security platform. Here’s what investors need to know today.  ( 19 min )

Permian Resources said on Monday it would buy Earthstone Energy in an all-stock transaction valued at about $4.5 billion, including debt. The deal would strengthen Permian Resources' position as a leading Delaware Basin independent producer with pro forma production of about 300,000 barrels of oil equivalent per day (boepd). Delaware Basin, a part of the wider Permian Basin, is a prime target for producers looking to increase their inventory.  ( 30 min )

Amid record profits, workers want to roll back concessions made to auto industry after the 2008 economic recession  ( 35 min )

The Fed's interest rate hikes have driven money market fund yields to their highest level in decades with balances at a record high as investors look to beat inflation.  ( 32 min )

In a reality check for natural-gas producers, volatile prices are prompting European homes and factories to go green faster than expected.  ( 25 min )

Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Nvidia shares have nearly tripled in value this year, swelling the company's market valuation by more than $700 billion and making it the first trillion-dollar chip firm. The blistering rally in its shares means that Nvidia has little room for any earnings-related disappointment and anything other than a higher-than-expected forecast could trigger a rout in its stock, some analysts have warned.  ( 32 min )

The People’s Bank of China reduced its one-year loan prime rate by 0.1 percentage point to 3.45% while the five-year rate was kept unchanged at 4.2%, disappointing investors.  ( 26 min )

Fresh evidence of a robust U.S. economy last week yet again stoked expectations that the Federal Reserve could keep rates higher for longer, driving 10-year Treasury yield to its highest level since October. Investors are now keenly waiting for comments from Fed Chair Jerome Powell on Friday at a meeting of central bankers at Jackson Hole in Wyoming that begins on Aug. 24.  ( 32 min )

(Bloomberg) -- Two of Wall Street’s top strategists are at odds about the outlook for US stocks following a three-week run of declines as debate rages over whether the economy can avoid a recession.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnWhile Morgan Stanley’s Michael  ( 32 min )

After weeks of historically low volatility, Bitcoin snapped back into action late last week with a dramatic selloff. More declines may be coming.  ( 26 min )

China's major state-owned banks were seen actively mopping up offshore yuan liquidity on Monday, three people with knowledge of the matter said, a move that raised the cost of shorting the Chinese currency. State banks often act as agents for China's central bank in the offshore foreign exchange market, but they could also trade on their own behalf or execute their clients' orders. Tightening up offshore yuan liquidity could also act to stabilise the yuan, said one of the sources.  ( 30 min )

Surging loan delinquencies signal that many consumers can’t afford their auto loans.  ( 27 min )

Tech stocks are powering the bull market, but AI-powered exchange-traded funds are lagging behind.  ( 26 min )

(Bloomberg) -- Oil rose for a third day as signs the physical market is tightening and a stall in the dollar’s rally offset growing demand risks in China and the US.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionGlobal benchmark Brent traded above $85 a barrel, and is up more t  ( 31 min )

↗️ Palo Alto Networks (PANW): Shares rose more than 12% in premarket trading after the cybersecurity firm's earnings beat analysts' estimates. The unusually timed Friday-night release [had Wall Street worried](https://www.wsj.com/articles/cybersecur  ( 21 min )

Full-time in-office work is going the way of the dinosaurs. Now the choice is between hybrid and fully remote work, the survivors in the new world of work.  ( 35 min )

U.S. stock futures were rising early on Monday after another losing week. Earnings from Nvidia and messages from the Jackson Hole symposium of central bankers are set to be the highlights of the week. Dow Jones Industrial Average futures were up 75 points, or 0.2%. S&P 500 futures gained 0.4% and N  ( 12 min )

Palo Alto Networks reassured analysts with its earnings report after a brief panic over its unusual timing. It's a relief for cybersecurity peers CrowdStrike and Zscaler.  ( 27 min )

(Bloomberg) -- Chinese stocks extended losses as mainland banks surprisingly kept a key interest rate that’s linked to mortgages on hold, in a move that sent mixed messages on the country’s commitment to support the embattled property sector. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over  ( 32 min )

Palo Alto Networks' fiscal fourth-quarter earnings top analysts' expectations, a report says Meta Platforms is expected this week to launch of desktop version of its microblogging app Threads, Zoom Video reports earnings after the close of trading Monday, and Nvidia reports later in the week.  ( 27 min )

(Bloomberg) -- Adyen NV’s most skeptical analyst isn’t allowing others to wrestle away his position as the most bearish on the Street.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionCitigroup Inc.’s Pavan Daswani, who had the lowest price target ahead of last week’s share-price  ( 31 min )

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(Bloomberg) -- Chinese banks made a smaller-than-expected cut to their benchmark lending rate on Monday and avoided trimming the reference rate for mortgages, despite the central bank putting pressure on lenders to boost loans. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundAl  ( 31 min )

(Bloomberg) -- Chinese stocks will settle in a lower trading range than previously expected until Beijing introduces more forceful policy responses to address the contagion risk from a property slump, according to Goldman Sachs Group Inc.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes  ( 32 min )

Investing.com -- Shares in Napco Security Technologies Inc (NASDAQ:NSSC) shed over a third of their value in premarket U.S. trading Monday after the high-tech electronic security equipment manufacturer said it would revise its financial statements over the first three quarters of its 2023 fiscal year.  ( 31 min )

(Bloomberg) -- Some of Country Garden Holdings Co.’s bondholders are demanding full repayment of a local bond due early next month, after the embattled Chinese property developer proposed a three-year extension for the yuan-denominated note.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over $  ( 31 min )

Asian stocks were mixed Monday as traders looked ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation. Wall Street’s benchmark S&P 500 index edged down 0.1% on Friday to end the week lower ahead of the Jackson Hole, Wyoming, conference. Fed officials have used the event in previous year's to indicate changes in policy direction.  ( 33 min )

The MSCI All Country World Index is down nearly 6% from its recent highs, though still up 10% for the year. One key worry for investors is a surge in bond yields that has come as signs of stronger-than-expected growth in parts of the global economy fuel bets on central banks leaving interest rates at current levels for longer than expected. Meanwhile, U.S. real yields, which show what investors can expect to earn on government bonds after adjusting for inflation, stand near their highest point since 2009.  ( 33 min )

This time the China chose to only trim its one-year benchmark lending rate by 10 basis points and leave the five-year rate unchanged, surprising analysts who had looked for cuts of 15 basis points in both. The news knocked Chinese blue-chips to a nine-month low and kept pressure on the yuan even as the People's Bank of China (PBOC) tried to support it with another firm fixing. Analysts estimate Chinese banks sold at least $2 billion offshore last week on behalf of the PBOC, but only managed a temporary pause in the yuan's decline.  ( 31 min )

The Federal Reserve’s interest-rate hikes and recent bank failures mean lenders aren’t competing so fiercely for jumbo loans.  ( 27 min )

(Bloomberg) -- The dollar inched lower versus most of its major counterparts while Asian equity futures pointed to a cautious open to trading. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundBruised Stocks Face Week Full of Tests, From Nvidia to PowellInvestors will be focused  ( 32 min )

(Bloomberg) -- Some of China’s largest mutual fund houses have promised to buy their own equity-focused products, heeding calls from authorities to bolster the market as a selloff continues.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundE-Fund Management Co. and China Asset Ma  ( 31 min )

Shares of many Chinese property developers fell as investor sentiment took a hit after the country’s central bank kept its mortgage rate unchanged, exacerbating concerns over problems in the country’s property sector.  ( 25 min )

(Bloomberg) -- Three years of trade curbs have gutted Australia’s exports to China across a bunch of commodities, from luxury items like lobster to vital fuels like coal.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundBeijing imposed a variety of restrictions in 2020, from tari  ( 34 min )

(Bloomberg) -- Investors betting on an extension of Baidu Inc.’s market-beating rally may be due for a reality check as concerns about the sluggish Chinese economy and setbacks from a key segment of its business deepen. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundAlas, Trum  ( 33 min )

China cut its one-year benchmark lending rate on Monday, as expected, as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by keeping the five-year rate unchanged. The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.45% from 3.55% previously, while the five-year LPR was left at 4.20%. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.  ( 30 min )

Bitcoin edged up on Monday morning in Asia to trade above US$26,000, after sliding over 10% for the week. Ether also moved higher but remained below US$1,700.  ( 33 min )

Oil futures gained in early Asian trade as the market shows sign of tightening and after China announced more policies to boost economic growth.  ( 24 min )

Yellow Trucking company filed for chapter 11 bankruptcy in early August and now companies are beginning to bid for the company's assets, which include 160 trucking terminals.  ( 31 min )

(Reuters) -Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth amid high interest rates. Brent crude climbed 61 cents to $85.41 a barrel by 0649 GMT, while U.S. West Texas Intermediate crude was at $81.88 a barrel, up 63 cents. Both front-month benchmark prices snapped a 7-week winning streak last week to post a weekly loss of 2% after the U.S. dollar strengthened on the possibility interest rates could remain higher for longer, with China's property crisis adding to concerns about its sluggish economic growth and oil demand.  ( 32 min )

Asian markets held their breath on Monday as investors waited to see how serious Beijing was about policy easing via widely expected rate cuts, having so far sorely disappointed with its stimulus steps. The central bank on Sunday said Beijing would coordinate financial support to resolve local government debt problems, and there have been reports it was encouraging commercials banks to lend more. Investors, however, would prefer massive fiscal spending to minor rate cuts and there is little sign of that as yet.  ( 32 min )

Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart. Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month. DuPont had earlier this month raised its 2023 sales forecast betting on demand picking up for its materials used to make a wide range of products including automotive components and semiconductors.  ( 31 min )

(Bloomberg) -- Taiwan’s biggest financial conglomerate has cut back on its exposure to China as it braces for any deeper fallout from the property crisis in the world’s second-largest economy.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundFubon Financial Holding, which operate  ( 33 min )

(Bloomberg) -- If they’d been offered today’s economy a year ago – with inflation downgraded from emergency to mere headache, still-low unemployment, and growth that’s slowed without stalling – the world’s top central bankers would’ve taken it like a shot.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk  ( 33 min )

Life insurance can provide peace of mind, but only if you buy the right type of policy and amount of coverage. Here's how.  ( 26 min )

The Darla Moore School of Business is the business school of the University of South Carolina.  ( 19 min )

The S&P 500 posted a 0.7% gain to start the trading week on Monday, Aug. 21, 2023, boosted by strong performance from technology stocks.  ( 16 min )

Permian Resources announced a $4.5 billion deal for rival driller Earthstone that it said will improve its position in the Delaware basin and accelerate shareholder returns.  ( 17 min )

Multiline insurance can refer to complex insurance instruments used to bundle risk exposures, or to agencies that write consumer policies for many lines.  ( 19 min )

Find out some of the lower-risk ways to invest in foreign markets.  ( 20 min )

It is possible for an insurer to cancel your policy after an accident but unlikely, unless you are a high-risk driver.  ( 20 min )

Block Height indicates the overall length of a blockchain.  ( 19 min )

The Military Health System (MHS), through TRICARE, provides medical care to active-duty and reserve-duty service members. Here’s how it works.  ( 25 min )

A growing number of business economists believe the U.S. economy can avoid a long-predicted recession.  ( 18 min )

Shares of COVID-19 vaccine makers including Moderna and Novavax surged on Monday after a report that the Biden administration plans to urge Americans to get booster shots for the fall, as new subvariants emerge and cases rise.  ( 17 min )

You could suspend your mortgage payments for up to 360 days under federal law if your income was affected by COVID-19. There's still some help available.  ( 28 min )

Today's best CD rates are 5.75% APY from MapleMark Bank for 1 year, 5.65% APY from Dow Credit Union for 3 months, and 5.56% APY from TotalDirectBank.  ( 19 min )

The lowest annual salary workers are willing to accept on average is the highest it's ever been.  ( 17 min )

Today’s soaring home prices and mortgage rates mean the typical household falls short of the income needed to buy the median-priced home by more than $20,000 a year.  ( 17 min )

Shares of Palo Alto Networks rallied after the company beat expectations for earnings on strong demand for the firm's cybersecurity services.  ( 17 min )

Important aspects of a capitalist system include private property, private control of the factors of production, accumulation of capital, and competition.  ( 25 min )

The term "brick-and-mortar" refers to a traditional business that offers its products and services to its customers in an office or store, as opposed to an online-only business.  ( 23 min )

Dan Ives, Senior Equity Analyst for Wedbush Securities and one of the industry's top analysts, takes stake of the recent selloff in tech stocks, and paints a picture of the AI future for companies including Apple, Tesla, Palantir and GM.  ( 19 min )

A grandfather clause is an exemption that allows people or entities to continue with activities that were approved before the implementation of new rules or laws.  ( 22 min )

An increase or decrease in taxes affects the economy and spending decisions of individuals in higher and lower income brackets.  ( 22 min )

Discover how online retailers can list certain expenses as a cost of goods sold (COGS) and even claim a tax deduction for them.  ( 22 min )

A press release is a newsworthy or informational article usually issued by a firm’s public relations department.  ( 22 min )

Purchasing power parity (PPP) compares economic growth and standards of living in different countries with a common currency/basket of goods approach.  ( 25 min )

Understand the meaning of capital expenditures (CapEx) and find out the implications for companies resulting from relevant tax laws.  ( 22 min )

"Mom-and-pop" is a colloquial term used to describe a small, family-owned or independent business. These types of operations often struggle to compete with more substantial establishments.  ( 24 min )

To build a successful business, you need more than a good—or even great—idea. Whatever type of business you have in mind, these nine essential tips can help you get it started and keep it growing.  ( 27 min )

The Small Business Administration (SBA) is a U.S. government agency established to promote and strengthen the overall economy by assisting small businesses.  ( 28 min )

The IRS has extended various tax deadlines for residents of Maui and Hawaii Counties, which were ravaged by wildfires last week.  ( 18 min )

U.S. equity markets were mixed in midday trading on Monday, Aug. 21, 2023 as tech stocks surged and Treasury yields rose.  ( 16 min )

Depending on how it's measured, the unemployment rate is open to interpretation. Learn how to find the real rate and how it affects everyone.  ( 27 min )

Shares in Napco lost 40% of their value after the company said its first three quarters would be restated after errors.  ( 17 min )

Proof of Capacity is a consensus mechanism that uses a mining node’s hard drive space to decide the mining rights on the blockchain network.  ( 20 min )

Materials manufacturer DuPont de Nemours Inc. (DD) has agreed to sell its 80.1% controlling stake in Delrin to private equity firm The Jordan Company in a deal valued at $1.8 billion.  ( 17 min )

The U.K.'s Competition and Markets Authority gave the green light for Broadcom's $69 billion purchase of VMware.  ( 17 min )

The companies may need regulatory approvals before making the purchase official  ( 16 min )

Mortgage rates held close to the 21-year highs they reached last week, with the 30-year average easing just a few basis points lower. All jumbo and ARM averages were flat.  ( 20 min )

A web version of Threads, Meta Platforms' chat-based social media app linked to Instagram, could launch as soon as this week, as executives aim to boost user engagement and signups.  ( 17 min )

A hashed timelock contract (HTLC) is a smart contract used in cryptocurrencies to configure time-bound contracts.  ( 21 min )

The public largely believes the Federal Reserve is responsible for how much inflation has cooled down over the past years—and that could be music to the ears of policymakers.  ( 18 min )

Meta Platforms is planning to launch a web version of its Threads app and Palo Alto Networks posts a stronger-than-expected billings forecast on reception of its AI security platform. Here’s what investors need to know today.  ( 19 min )

An incentive stock option (ISO) is an employee benefit that gives the right to buy stock at a discount with a tax break on any potential profit.  ( 22 min )

The volatility surface is a three-dimensional plot of stock option implied volatility seen to exist due to discrepancies in the stock market.  ( 22 min )

A line chart connects a series of data points with a line and is used by traders to monitor closing prices.  ( 22 min )

A Renewable Energy Certificate is proof of the production of one megawatt-hour (MWh) of electricity generated from a renewable energy resource.  ( 19 min )

Operating income and EBITDA are both important numbers when analyzing a company's earnings. However, they are different measures of profitability.  ( 20 min )

Embezzlement is a form of fraud wherein a person or entity intentionally misappropriates assets for personal use.  ( 24 min )

So you want to be a venture capitalist? Learn what it takes, where to start, and what kind of attitude you will need to take on the world of venture capitalism.  ( 26 min )

Consumers may not know they can shop for cheaper car insurance. This article features step-by-step instructions on how to evaluate and cut your costs.  ( 18 min )

Perfect competition is a concept in microeconomics that describes a market structure controlled entirely by market forces. If and when these forces are not met, the market is said to have imperfect competition.  ( 22 min )

Cost of goods sold and cost of sales both represent direct costs involved in production. However, some companies use one term rather than the other.  ( 18 min )

Understand how the relationship between short- and long-term interest rates contributes to an inverted yield curve—a noteworthy economic event.  ( 27 min )